100 hour MA above....Old swing low/high area
Traders are doing some leaning against the 100 hour MA above and some swing lows/highs below (see blue circles in the chart below). Look for the lean to continue until there is a breakout.
Currently the price is trading around the 1.3041 level. Oil prices are trading in a $1 range between $40.42 and 41.43 with the price in the middle of the range. It is up 0.2% on the day.
