VIDEO: A technical look at the price of crude oil. What next and why?

<p>The price of <a href="https://www.forexlive.com/terms/w/wti/">WTI</a> <a href="https://www.forexlive.com/terms/c/crude-oil/">crude oil</a> futures are sharply lower and in the process has broken below its 200 are moving average at $79.52. However there is additional support between $79.07 and $79.24 (swing area and also the 38.2% retracement of the move-up from the July 17 low). </p><p>What next and why? </p><p>The video will review the technicals and play and explain why.</p>

This article was written by Greg Michalowski at www.forexlive.com.