100 day moving average at $66.17
The price of WTI crude oil futures have moved to a new session low of $66.24. In the process the price has moved closer to its 100 day moving average currently at $66.17.
So far buyers are leaning against the level although the bounce is modest. The current price is trading around $66.40. Nevertheless, risk focus traders are leaning against the level and support is holding. A break below however could see more momentum selling.