The current prices trading at $73.66. Yesterday's settlement price came in at $74.25.
On the hourly chart, the price has now dropped below a rising trendline near $73.92 and the 100-hour moving average at $73.76. These levels serve as key risk-defining thresholds for sellers aiming to sustain downside momentum. Notably, this marks the first time the price has traded below the 100-hour moving average since December 27.
The next downside target is $73.08, followed by the 38.2% retracement level of the December rally at $72.64. Breaking below these levels would further reinforce the bearish bias. If that occurs, the rising 200-hour moving average at $72.25 (indicated by the green line on the chart) would become the next key target.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about crude oil stalls against its 200 day moving average sellers enter and push the price lower was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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