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WTI crude futures to settle at $70.87
The price of WTI crude oil is closing down $1.69 or -2.33% at $70.87. The high price reached $73.50. The low price extended to $70.63. The settle prices near the lows for the day.Looking at the hourly chart, the price earlier today fell below the near converged 100 and 200 hour moving averages (those 2 moving averages crossed in trading today – blue and green lines). Moving below those moving average levels tilted the bias back to the downside. The 38.2% retracement of the move-up from the 2023...
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Posted: May 11 2023, 18:53
Author Name: forexlive
Views: 110858