Яндекс.Метрика Crude oil moves down toward the key 200 day MA – Technologies of the future for life!
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Crude oil moves down toward the key 200 day MA


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200 day MA at $60.80. Low so far $61.02

The price of crude oil is moving lower on concerns of global slowdown. The price of the contract is down about -$0.90 or -1.43% at $61.24. The run lower reached $61.02.  Looking at the daily chart, the 200 day MA is down at $60.80.  The price has closed above its 200 day MA since April 2.  A move below would weaken the technical picture.

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