 The WTI crude oil futures are settling down 0.80 on the day at 77.49. The high price reached 79.87. The low price extended to 77.05.Looking at the hourly chart, the contract moved above its 38.2 of the move down from the November high and into a swing area between 79.63 and 80.00. The 80 level target could not be broken and the pair rotated lower. The rising 100 hour MA and 200 hour MA are the next downside targets at 76.46 and 75.83. This article was wr... 