#CrudeOil# falls below 100 and 200 hour moving averages
The price of crude oil has fallen sharply below its 100 and 200 hour moving averages. See Adam's post here for the news triggering the fall.
The price of #WTICrudeOil# futures fell down toward the $64 level (the low reached $64.11). In the process, the 100 /200 hour MAs were broken at $65.30 and $65.16 respectively. It would take a move back above those moving averages to increase the bullish bias now. Sellers are now more in control.
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