Down $1.91 or 2.93%
The price of crude oil futures assuming we get $63.30. That is down -$1.91 or -2.93%.
The high for the day reached $65.18. The low extended to $62.28,
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For the week, the price moved higher from the $64.00 closing level from last week, and topped at $66.60 on Tuesday. Wednesday was up and down. Thursday the price fell below the 100 hour MA and today the price cracked back below the 200 hour MA (green line - at $64.73 now)
The price tumbled on the back of comments from Trump that he talked to OPEC and told them to get the price of oil down.
The low for the day and the week bottomed near the 50% retracement fo the move up from the March 28th low. That comes in at $62.40. The low bottomed at $62.28.
For the week, the run higher failed. The price closed below the 100 and 200 hour MA and down on the week ($64.00 was the close last week).
If the price is to go lower, break below the 50% at $62.40.
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