Up $0.51 or 0.95%
The price of crude oil futures are selling at $54.41. That is up $.51 on the day or 0.95%.
The high price reached at $54.68. The low price extended to $53.08.
Looking at the hourly chart te price action today saw a sharp decline. That fall found support at the 100 hour MA, and the bouce was on. The price has nearly completed the lap to the day's highs at $54.68. From the chart, the 100 hour MA was resistance on Feb 6, Feb 7 and on Feb 12. Since moving above the MA line on Feb 12, the MA line has been support.
