Technical Analysis

Crude oil futures settle at $52.89 today

Down -$0.36 or -0.68%

The price of crude oil is settling today at $52.89. That is down -$0.36 or -0.68% on the day. 

The high price today reached up to $54.44. The low extended to $52.16.

Technically, the price remains above the 100 and 200 hour MAs after testing those level earlier in the trading day. The 100 hour MA comes in at $52.51. The 200 hour MA comes in at $51.99.

OPEC meeting tomorrow.

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