Crude Oil failed above its 100 hourly moving average

WTI Crude Oil price has fallen back to the $78 level after rising to $79.88 earlier today. The move higher took the price above its 100 hourly moving average, which currently stands at $79.19.

However, momentum failed to sustain and after falling back below the moving average level, buyers turned to sellers. On November 22nd and 23rd, the price also surged above the 100 hourly moving average before rotating back down…

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