US crude oil futures settle at $53.10
Up $0.69 or 1.32%The US crude oil futures are settling the day at $53.10. That is up $0.69 or 1.32%.
The high reached $54.05. The low extended to $52.29.
Technically, the price traded above and below its 100 and 200 hour MA as traders. The high fell short of the $54.25 level that was a ceiling area last week. The 100 hour MA is at $52.86. A move below it would tilt the bias more to the downside. Holding and moving above the 200 hour MA at $53.2 would be more bullish.