November 29, 2022

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Crude oil was back down and below its 100 day moving average

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100 day moving average at $66.23

The price of WTI crude oil futures has moved back down below its 100 day moving average is 66.23. It currently trades at $66.13.  The low today has reached $65.63. That is just above the low from yesterday at $65.60.  

100 day moving average at $66.23_

If the price can stay below the 100 day MA, the sellers will be more in control.  The price has not closed below the 100 day MA since November 2020.

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