Crude oil futures settle at $54.19. A sharp moved reduced this 7 days. – ForexLive

Down $1.40 or -2.52%

The price of crude oil futures are settling at $54.19.  That is down $1.40 or -2.52%.  The very low for the working day attained $fifty three.85, whilst the higher prolonged to $55.95.

A 7 days back the price settle at $fifty eight.54. For the 7 days, that is a $4.35 decrease or a 7.4% decrease for the 7 days.

Technically, the price fell down below both of those its 200 working day shifting average of $57.sixty five and its 100 working day shifting average of $57.23.  On the downside following target would be the Oct 31 very low at $fifty three.seventy one. Below that and traders will be seeking towards the June/August/Oct lows down concerning $fifty.60 and $fifty one.00.


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