The price of crude oil shot higher as Europe was heading into their close. The price rise moved above the 200 hour MA and a topside trend line. The 38.2% of the move down from the July 29th high was tested near the $91.87. The high price reached $92.08 before rotating back to the downside.
That move to the downside has now seen the price rotate back to the 200 hour moving average at $90.12.