The price of crude oil has moved lower trading to $72.39. That was just below the 38.2% of the move up from the low last week at $72.49. Staying below that level would open the door to more downside momentum.
US stocks are edging higher as well. The NASDAQ index is trading at to a new high for the day at 22594.38. The S&P index is also yet you thousand dollars at 6838.07.. Those indices are still lower in the day by about -0.62%
This article was written by Greg Michalowski at investinglive.com.