Down $.78 or -1.18%
The price of crude oil futures are settling at $65.07. That is down $.78 or -1.8% on the day. The high price today reached $65.90 quality low extended to $64.39.
The price yesterday closed above the 100 day MA. Today the price moved back below that MA level currently at $65.48.
The price since June 4th has been trading above and below that 100 day MA.
The low since that time reached $63.59.
The high since that time reached $67.16
The 100 day MA is at $65.48 between the recent low and the high.
It might be that it will take an OPEC+ production decision to push the price outside the range and away from the 100 day MA.
