Crude oil futures settle at $50.60

Technical Analysis

Author: Greg Michalowski | crude-oil

Down -$0.70 or -1.36%

The WTI crude oil futures are settling the day at $50.60, down -$0.70 or -1.36%

The high for the day reached $51.13. The low extended to $50.15

The $50.08 to $50.35 is support. the $50.08 is the 38.2% retracement. The 100 and 200 hour MAs come in at $50.28 and 50.35 respectively. The price low was in between those level.