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Crude oil falls to a low of $81.41 before bouncing marginally higher

The price of WTI crude oil fell to a low of $81.40. The price settled yesterday at $85.59. A move to the low equaled a sharp decline of $4.19 or 4.89%.

The move to the downside took the price below the recent swing lows from October 18, October 19 and October 24 between $82.06 and $82.62. The 61.8% retracement of the move up from the September 26 low was also broken at $82.87.

The price traded at the lowest level since October 3rd.

Looking at the hourly chart, the contra... Read More

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Content Topics

Crude

Falls

81

41 Before

Bouncing

Marginally

Higher

81 41

Forex

Posted: Nov 17 2022, 17:58

Author Name: forexlive

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