Crude oil futures settle at $57.66
Up $0.15 or 0.26% on the day
The price of crude oil futures are settling at $57.66. That is up $.15 or 0.26%.
The high for the day reached $58.46. The low extended to $57.30..
Looking at the hourly chart of crude oil below, the pair traded most of the day between the 100 hour MA below at $57.17 and the 200 hour MA above at $58.19. There was a quick move above the 200 hour MA that quickly failed, and the price came back down toward the lower MA level.
At some point, there will be a shove outside that range, that won't fail.