The price of crude oil futures is settling at $81.91. That is down $-0.30 or -0.36%. The high price reached $82.58. The low price was at $81.47.
Technically looking at the daily chart the price remains below a topside trendline near $84.75. On the downside, the rising 100-day moving average is at $80.54 and remains a key level to get to and through to increase the bearish bias. WIth the price between the levels, trading is more neutral technically on the daily chart.
This article was written by Greg Michalowski at www.forexlive.com.
