Technical Analysis

Down -$.50 or -0.97% The crude oil futures have settled the day at $51.15. That is down $.50 or 0.97%. The high-priced reached $52.88. The low extended to $50.94. Today, crude oil inventories had a draw of -1208K vs -3500K estimate. The private data released yesterday showed a massive draw of -10180K.   Technically, the price
Up $.65 or 1.27% The price of crude oil futures settled at $51.65 in trading today. That was of $.65 or 1.27%. The high reached $52.43. The low extended to $50.70. Looking at the hourly chart below, the price traded above and below the 100 and 200 hour MAs at $51.96 and $52.11 respectively. Although
The 1.2698 area is now eyed The GBPUSD is getting hit and trades at the lowest level of the day.  As per the previous post, the price fell to a trend line, stalled at that level and rebounded up to to the 200 hour MA.  Sellers leaned there and have now pushed below a lower