Crude Oil futures are unchanged at $46.06 in Friday's session. It has been a relativity quiet session for the contract.
So far, it has found resistance ahead of Thursday's high ($46.79) only reaching $46.39. On the downside, it has found support ahead of Thursday's low ($45.16), bottoming at $45.48). For the week, the contract has had a $42.58-$46.79 trading range after closing last Friday's session at $44.60.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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USOUnited States Oil Fund
$66.67-1.36%
Edge Rankings
Momentum
36.58
Price Trend
Short
Medium
Long
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