Crude oil futures settle at $101.70


WTI crude oil futures trade between its 200 and 100H MAs

Yesterday the price of WTI crude oil settled at $98.54. That settlement was down -$3.53 on the day. Today the rebounded higher is nearly equal to the decline from yesterday. The contract gained $3.16 or 3.21% to the settle price of $101.70.

Looking at the hourly chart above, the price high today reached $102.78 which was just below the 200 hour moving average at $102.80. (See green line in the chart above) Earlier today, the price moved above the 100 hour moving average and the 50% midpoint of the range since April 11 at $101.07. That level has held support since breaking above earlier today.

With the settle price at $101.70, the price is trading between the 100 hour moving average below and the 200 hour moving average above.

It would now take a move outside of one of those extremes to give traders the next bias clue.

Move above the 200 hour moving average would be more bullish. Move below the 100 hour moving average will be more bearish



Source link

Related articles

10 High Retirement Earnings Shares Now

Printed on August twenty fifth, 2025 by Bob Ciura Dividend investing is in the end about changing your working earnings with a passive earnings stream for a financially free retirement (or early retirement). The fact...

Sprouts Farmers: $1B Buyback Highlights Insider Confidence in Valuation

Share buybacks are one of the vital direct methods an organization’s administration can categorical its optimism for the underlying enterprise and its future potential. They're additionally probably the most tax-efficient manner of doing...

SkyWater Know-how: Extra Than A Foundry, A Grounded Guess On The Quantum Revolution

This text was written byComply withI'm the founder and lead analyst at Golden Bear Capital (GB Capital), the place I concentrate on figuring out uneven risk-reward alternatives by a novel mix of quantitative...

Bitmine Boasts World’s Largest Ethereum Treasury as Holdings Surpass 1.71 Million ETH

Bitmine Immersion Applied sciences now holds the world’s largest Ethereum treasury, with its crypto and money reserves exceeding $8.8 billion. Bitmine’s Aggressive ETH Accumulation Continues The corporate’s holdings comprise 1,713,899 ethereum (ETH), 192...

Gemini Deepens Ripple Ties With XRP Credit score Card, RLUSD Growth Forward of IPO

Govt Interview with Andres Jimenez from Swiset | iFX EXPO Worldwide 2025 Govt Interview with Andres Jimenez from Swiset...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com