Up $1.34 or 2.16%
The crude oil contract is closing the day at $64.40 per barrel. That is higher by $1.34 or 2.16%
The high of the day reached $63.81, while the low extended to $62.08.
Technically, the price moved further away from the 100 and 200 hour MAs. Yesterday, those MAs provided support and the price raced higher. Today a topside trend line was broken at $62.87 (risk now). The next target comes in at $64.25 area where a high from Feb 26 ad a trend line cut across.
