WTI crude oil futures settle at $53.31

Technical Analysis

Author: Greg Michalowski | wti-crude-oil-futures

Down -$0.47 or -0.87%

The price of crude oil futures are settling the day at $53.31. That is down -$0.47 or -0.87%.

The high price today reached $54.03. The low reached $52.71.

Down -$0.47 or -0.87%_
Looking at the daily chart, the price is now closed below its 100 day moving average for 19 consecutive days. That 100 day moving average currently comes at $55.58.  On the downside there are a number of swing lows between $50.38 and $51.62. The price has been above that area sicne mid-January.

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