Crude Oil May Fall Below $82 Within Days: Technical Analysis
This article is for subscribers only.
Crude oil may fall below $82 a barrel within days after settling below the 100-day moving average twice this week, according to a technical analysis by T&K Futures & Options.
The April contract, which becomes the front-month contract on Feb. 23, closed below the 100-day average of $88.36 on Feb. 15 and Feb. 16. The last time the contract slipped below the 100-day average was Nov. 23, when the intraday low was $81.82.