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Crude oil rises to 200 hour MA. Backs off against the technical trading level
The price of crude oil moved higher on the back of the Russian missile that landed in Poland killing 2 people.
The price of crude oil raced higher reaching $88.65. That was just above the 200 hour moving average at $88.63. The price has since rotated back to the downside currently trading at $87.52 up about $1.64 from the settle price yesterday.
The downside the broken 38.2% retracement of the range since the September 26 low cuts across at $86.98. It's 100 hour moving averages... Read More
Posted: Nov 15 2022, 19:04
Author Name: forexlive
Views: 102176