The price of WTI crude oil futures continues to track lower. The number contract is currently down $2.08 or -5.08% at $38.53.
The high price for the day reached $40.70. The low price extended to $38.41.
Technically, the move to the downside saw increased selling pressure on the break of the 100 day moving average at $39.59 (blue line in the chart above). The price had remained above that moving average since September 15, including a number of successful tests of the moving average at day lows over the last 7 or 8 trading days.