WTI crude oil settles at $53.26

Technical Analysis

Author: Greg Michalowski | crude-oil

Down $0.73. The CME said that the settled price was delayed today

The price of crude oil settled at $53.26. That was down $0.73.  

The CME said that the settlement prices were delayed today. There is no reason given (at least initially). 

The high today reached $54.84. The low extended to $53.05. 

Looking at the hourly chart, the pair traded mostly between the 200 hour MA above (green line at $54.39) and the 100 hour MA below at $53.02 (blue line).  

The crude oil price is trading between 100 hour MA below and 200 hour MA above.
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