Crude oil futures are settling at $71.48. That is up $2.12 or 3.05%. The excessive value reached $71.83. The low value prolonged to $68.81.
The transfer to the upside took the worth above its 100-day transferring common at $70.66, and in addition its 38.2% retracement of the transfer down from the 2025 excessive (on January 15 to the 2025 low on March 5). The retracement degree is available in at $71.16. The following main goal comes towards the 200-day transferring common is $72.73. The final time the worth traded above its 200-day transferring averages was again on February 3.
This text was written by Greg Michalowski at www.forexlive.com.
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