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Crude oil bounces off its 200 are moving average at $74.45

The price of crude oil has been trading up and down over the last few days. Looking at the high prices, the price has been able to stall nare the $76.50 area. There is a short term ceiling formed near that ceiling.

On the downside, the 200 hour MA (green line) currently at $74.45 stalled the fall today. Yesterday, the price also stalled near that moving average level increasing that moving average's importance going forward.

So with the ceiling above at the $76.50 area, and 200 h... Read More

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Content Topics

Crude

Bounces

Moving

Average

74

45 74 45

Forex

Posted: Dec 20 2022, 17:54

Author Name: forexlive

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