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.