The price of crude oil settled at $81.41. That is down $-0.92 or -1.12%.The fall is the 3rd day in a row lower. Technically, looking at the daily chart, the high price on Friday - before the move lower - peaked at $84.52. That price tested the topside trendline connecting highs from April 2023 and May 2024. The inability to get above that trendline, gave the sellers the go-ahead to correct to the downside. The last three days have now seen the price move down to a low today of $81.25 or down -3.8% from the high. The next target on the daily chart comes in at a swing level near $80.62 (see red number circles). Below that is the rising 100-day moving average at $80.35.There should be support n
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