July contract currently up $0.34 or 0.91% at $36.60
the price of crude oil has turned positive. After trading as low as $34.36, the price has been rebounding along with equities and concerns about the coronavirus. The prices just reached a new session high $36.65. That's up $0.37 or 1.02%.
Technically, the 100 hour moving average is up at $37.02. Ahead of that is the 38.2% retracement of the move down from last week's high. That level comes in at $36.68. On a move above the 100 hour moving average the 200 hour moving average currently comes in at $37.48 that is near the 50% retracement at $37.40.
