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Crude oil moving down toward the July low at $90.50

  • The swing low today reached $90.84 04
Crude oil move down to test the July low

Crude oil has seen a dip down to a low of $90.84. That's within $0.34 of the swing low from July at $90.50. The current prices trading at $91.21. The high price today extended up to $96.55.

A move below $90.50 to take the price to the lowest level since February 25. The 61.8% retracement of the move up from the December low comes in at $88.04.

At the highs for the year, the price was up 74% from the end of year levels. The current prices up around 23% which seems like a huge result.


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