Down -$0.87 or -1.33%
The price of crude oil futures are certainly and $64.30 per barrel. That is lower by $.87 or -1.33%. The price had been up 5 of the last 6 trading days before today. That took the price up from a low of $60.11 to the high today of $65.74.
Looking at the hourly chart below, the fall is testing the swing high from February 26th at $64.28. A move below, would have the contract looking down toward the 38.2% of the move up from the March 8th low. That level comes in at $63.53. The 100 hour MA comes in $63.28 and is rising.
