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WTI crude oil futures tumbles $2.51 to settle at $71.83

WTI crude oil futures tumbles $2.51 to settle at $71.83
The price of WTI crude oil futures tumbled $2.51 to settle at $71.83 down -3.38%.The high price today reach $74.37. The low price was $70.98. Looking at the hourly chart, the initial fall today found support against its 100 hour moving average (blue line in the chart above). The corrective price off of the 100-hour moving average early in the New York session found resistance against its 50% retracement near $73.59, and also the low of a swing area. The subsequent fall took the price below the 2... Read More
Posted: May 25 2023, 18:53
Author Name: forexlive
Views: 102663

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