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WTI crude oil futures to settle at $75.75. That's easy to remember

The price of WTI crude oil recovered to the upside today. The price of the futures settled at $75.75, up $1.60 or 2.16%.Technicals are playing a role in the price action. Recall from last week, the price action was pushing against the 200-day moving average (green line currently at $77.27). After holding that moving average level on Friday and rotating lower, the selling continued yesterday. The price low yesterday 100-day reach down to test its lower 100-day moving average (blue line in the cha... Read More

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Posted: Jul 18 2023, 19:04

Author Name: forexlive

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