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Crude oil futures extend losses. Trade down to $73

Crude oil futures extend losses. Trade down to $73

Crude oil futures continue to get hit with the contract price near $73 after trading above $81 just yesterday.

The contract is currently trading below the $73 level at $72.94. That's down close to $4 on the day.

Looking at the daily chart above, the low price in December (and for the year) reached $70.10. That was the lowest level going back to December 21, 2021.

The price is currently testing swing levels between $72.76 and $73.31 (see red numbered circles on the hourly... Read More

Posted: Jan 4 2023, 16:14
Author Name: forexlive
Views: 110851

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