50% and 100 day MA at $51.01/$51.04
The price of crude oil moved above and closed above the 50% of the move down from the February high (at $51.01) AND the 100 day MA yesterday (at $51.04). Today, the price continued the move higher and a high of $51.88 was reached. The 61.8% of the move down from the Feb. high comes in at $51.94. Sellers stalled just ahead of that level (were they leaning?).