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

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.  

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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July 21, 2021 at 01:08AM
Greg Michalowski
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