US crude oil futures settle at $77.90 ...Middle East

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US crude oil futures settle at $77.90
source : forex live ( Middle East ) () 23
The price of crude oil futures is settling at $77.90. That is up $0.15 or 0.21%. Looking at the hourly chart below, the price how I tested the 38.2% retracement of the move down from the April high to the June low. That retracement level comes in at $78.22. The high price was just above that at $78.33 before rotating back to the downside.If the buyers are to take more control getting and staying above that retracement level would show the buyers are a little more serious after the trend move lower from the April high. This article was written by Greg Michalowski at www.forexlive.com.

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