Gold Silver Reports (GSR )- Technically, the price today moved away from the 100 and 200 hour MAs (blue and green lines in the chart above), but stalled near a topside trend line. The price came off against that trend line (currently at $70.35 and moving higher).
Crude Up $1.44 or 2.10%
The price of crude oil settled at $70.13 up[ $1.44 or 2.10%
The high reached $70.43The low extended to $68.80.
The settled price seemed a bit high…
The post settle price is currently trading down at $69.94.
Regardless, from the technical perspective, the topside trend line at $70.35 and moving higher will be eyed going forward. If the price is heading higher, that level will eyed as level to get and stay above. – Neal Bhai Reports (NBR)