Crude Oil Finds Resistance Again At The $38 Area

Crude Oil futures are trading lower $0.30 at $36.74 Monday's session. Around 10:00 AM, it rallied to the $38 area for the fifth time in the last six trading sessions, with the highest level in that area standing at its December 24 high of $38.28. In today's session, it peaked just above that level at $38.38 and reversed course. The contract is now attempting to find support in the area of its four prior lows. Those range from Thursday's low ($36.22) to its December 29 low ($36.66). The current low stands at $36.63,