Up $.65 or 1.27%
The price of crude oil futures settled at $51.65 in trading today. That was of $.65 or 1.27%. The high reached $52.43. The low extended to $50.70.
Looking at the hourly chart below, the price traded above and below the 100 and 200 hour MAs at $51.96 and $52.11 respectively. Although higher on the day, the failure to stay above the MAs is more bearish technically. There is a lower trend line at $50.48. Below that, getting - and staying below - the $50 level would be a hurdle to overcome by sellers (and put more pressure on the buyers).
