Crude Oil Trading Lower

Crude Oil futures are trading lower by $1.30 at $36.80 in Monday's session. In premarkt trading it found resistance one penny shy of Friday's close ($38.10) at $38.09 and began to move lower. So far, it has breached Friday's low ($37.28), reaching $36.70 and is struggling to reenter the $37 handle. If the decline continues, the next daily support level does not come in until last Wednesday's low of $36.28.