Forex - US Chart NYMEX Sep Crude Oil Update: Another failure at 50; back to 100-day MA at 48.60 for now


 17:21 (GMT) 10 Aug

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US Chart NYMEX Sep Crude Oil Update: Another failure at 50; back to 100-day MA at 48.60 for now (0100-RNKT-C01)

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Asterisk denotes strength of level

17:20 GMT - CLU7 did give 50 another chance earlier in the day and failed there. The choppy 2-week range persists for now and we do remain neutral for now. We are still on the hunt for a range break that we can latch onto. To the downside, that would require a daily close below the 100-day MA at 48.60. Key resistance is seen at 50.10 for now.


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