Technical Analysis

Crude oil futures settle at $57.83

Up $.17 or 0.29%

The price of crude oil is settling at $57.83. That is up $.17 or 0.29% on the day.  

The high reached $58.19

The low extended down to $57.29

The close is nearer the highs on the day. 

Looking at the hourly chart below, the price has remained mostly between the 200 hour MA above and the 100 hour MA below at $58.03 and $57.26 respectively (there were a couple small looks above the 200 hour MA).

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