Crude Oil Gives Back All Of Last' Weeks Gains

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April Crude Oil futures are trading lower by $1.59 at $36.91 in Monday's session. After flirting with the $39 level on Friday, peaking at $39.04, the contract is struggling to remain n the $37 handle. Since topping out in premarket trading just above Friday's close ($38.50) at $38.77, it has been steadily moving lower. It has now erased all of its gains from last week and is finding intraday support ahead of a pair of lows from last Tuesday ($36.12) and last Wednesday ($36.24), only reaching $36.69.
Posted In: FuturesTechnicalsCommoditiesIntraday UpdateMarketsTrading Ideas
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