Down $.16 or 0.32%
The price of crude oil futures Are settling at $50.42. That is down $.16 or 0.32%.
The high for the day extended to $50.73. The low fell to $50.22.
Yesterday, the price fell below the 200 hour moving average (green line in the chart below) but stalled against the 38.2% retracement of the move up from the August 31 low. That level came in at $50.08 just above the natural $50 support level.
Today's trading was consolidative, in a narrow up and down range.
If the price is to go lower, getting and staying below the $50 to $50.08 level will be eyed.
