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

Alienware’s AW2725Q 4K OLED gaming monitor is all the way down to its lowest value ever at Amazon

Should you choose gaming on a PC as a substitute of consoles, it is best to hook it as much as a show that may help enjoying video games at increased body charges...

Ought to Traders Flip Defensive as Earnings and Macro Dangers Construct?

Shares offered off on Friday, with the closing 1.60% decrease, retracing weeks of latest features and dipping to an area low of 6,212.69. On Thursday, the index pulled again from a brand...

Oil majors win $4.2 billion environmental dispute in Kazakh court docket

(Bloomberg) – Companions in Kazakhstan’s second-largest oil discipline received a case in an area court docket over environmental tremendous that would have exceeded $4 billion, the enterprise mentioned.  ...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com