US crude oil futures settle at $53.18/BBL

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Up $0.07 or +0.13%

The US crude oil futures are settling the day little changed at $53.18. The price ended the day up $0.07% ore +0.13%.

The low for the day extended to $52.82.

The high peaked at $53.39.

The price remains above the $51.50 level which is where the 50 and 100 day MA are currently converged. Staying above keeps the buyers more in control. 

The high yesterday peaked near the swing high back on March 7th. The high in February reached $54.94. The high for the year extended to $55.24.  The low reached $47.09.  The midpoint for the year is $51.17. That too is a level to stay above if the buyers are to remain in control.  



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