Crude oil trades toward its 100 day moving average
The price of WTI crude oil futures are trading now at $73 that's up about three dollars or 4.23% on the day.
The low for the day reached $69.65.
Looking at the daily chart, the price move today has cracked above its 200 day moving average at $70.17 and then the 38.2% retracement of the corrective move to the downside at $71.18.
The next upside target comes in against its 100 day moving average and 50% retracement between $73.88 and $74.10.
