Crude oil for April delivery settles at $77.04 ...Middle East

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Crude oil for April delivery settles at $77.04
The price crude oil is settling at $77.04. That's down $1.42 or -1.82%. The high price reached $78.56. The low price reached $76.80.Technically the price is trading between at 100 and 200 hour moving averages. Those levels come between $77.52 for the 100-hour moving average, and the 200-hour moving average at $77.02 (see blue/green lines on the chart below). Today, the price fell below the 100 hour MA, but did find some support near the 200-hour MA. That neutralizes the bias in the short term with traders on alert for the next shove away from one or the other MA level. This article was written by Greg Michalowski at www.forexlive.com.

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