The price of crude oil is settling at $68.37. That's up $1.17 or 1.7%.
The highest price was 68.85 Euro. The lowest price was 67.07.
Looking at the hourly chart, today's high price was able to break the 100 and 200-hour moving averages which were almost conjoined at $68.63. However, the price could not sustain a move above that level and settles the day below the major moving averages. It would take a move and close above that moving average to increase the bullish bias.
Conversely, on the downside today's low has stalled near the high of the swing range between $66.31 to $67.10. Follow buyers there.
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