The weekly Baker Hughes rig cuts for the week are exhibiting:
- Oil rigs 479 down -1
- Gasoline rigs 102 up +1
- Complete rigs unchanged at 585.
The worth of crude oil is traing up $0.69 at $69.95 on the day.
Trying on the hourly chart, the low at present at $69.68 has prolonged again down take a look at the 200 hour MA at $69.64. A transfer beneath that stage is a tilt extra to the draw back. Staying above could be extra of a constructive tilt technically.
This text was written by Greg Michalowski at www.forexlive.com.
