Down $.11 or 0.19%
The price of crude oil futures are settling at $59.30. That is down $.11 or 0.19% on the day. The high price today reached $59.43, not far from the closing level. The low price extended to $58.20 in what was a down and up trading session.
Technically the price is closing right around the 100 and 200 day moving averages at $59.26 and $59.28 respectively. At the low today, the contract tested the Monday low at $50.17 (low reached $58.20 just above that level). The inability to move below, gave traders a reason to take profit/buy against the level.
