US crude oil futures settle at $48.85/bbl

Up $1.01 or 2.11%
The price of crude oil is ending the day up $1.01 ore 2.11% at $48.55. The high extended to $49.66. The low reached $47.75. 
Technically, the price moved above the 200 day MA at $49.14 on the way to high. That break failed and the price is trading back below the MA level.  The 50% of the move down from the April high comes in at $48.76.  A move back below that level, coupled with the 200 day MA failure (and perhaps the stall ahead of the key $50 level), will likely lead to a further rotation lower.