Crude oil trades to new session lows | Forexlive

The price of crude oil is trading to a new session low at $64.41. That takes a price below its 100-day moving average near $65.83.

Looking at the daily chart, there is a number of support lows between $64.41 and $66.97. The low price today has reached down to the low of that swing area.

Move below that area, and the extremes at $60 and below that $55.15 would be targets to aspire toward.

Conversely, a move back above the $66.97 and then the 200 day MA at $68.56 would disappoint the sellers and tilt the technical bias back to the upside.

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