Crude oil is up but stalling near 200 hour MA - ConsultFX

Crude oil is up but stalling near 200 hour MA

MA and 38.2% slowing the rise Yesterday, crude oil moved sharply higher on the back of news that Saudi Arabia will keep production in July near June levels and they expected to oil exports to drop in August (so unlikely to raise production).   The price moved to the 38.2% and stalled.