Crude oil futures settle at $52.18

Down  -$.29 or -0.55% on the dayThe price of crude oil futures are settling at $52.18 per barrel. That is down-$.29 or -0.55%.
The high for the day reached $52.57.The low for the day reached $51.89.
Today the inventory data came in very similar to what the API data was last night.  As a result, there is little change.  ]

Technically, the 100 and 200 hour moving averages coming around the $51.85 level. The low today reached $51.89.  So traders leaned against those two moving averages on the dip. Stay above and the bulls remain more in control.  Move below and we could see more downside momentum.  

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