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Crude oil to the lowest level since March 27

The price of WTI crude oil is trading down near $72. He is currently at $72.15 down $-3.51 or -4.63% on the day.The move to the downside has been accompanied by a deteriorating technical bias. Looking at the daily chart above, the high price for the month of April stalled just ahead of its falling 200 day moving average (green line in the chart above). Then last week, the price fell below its 100 day moving average (blue line currently at $76.66). The price tested that moving average on Friday... Read More

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Content Topics

Crude

Lowest

Level

Since

March

Forex

Posted: May 2 2023, 16:15

Author Name: forexlive

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