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WTI crude oil settles at $89.68. What are the technicals saying?

WTI crude oil settles at $89.68. What are the technicals saying?
Crude oil prices remained settled at $89.68 today. That was down $-0.35 or -0.39%. The high today reached $90.83. THe low was at $89.03. Russia lifted some export bans, but restrictions on gasoline and high-quality diesel persist. Chevron plans to increase its oil output in Venezuela to 200k BPD by early 2024. Technically, looking at the hourly chart, the price action today was above and below the near-converged 100 and 200-hour moving averages (blue and green lines on the chart below).The 100... Read More
Posted: Sep 25 2023, 19:35
Author Name: forexlive
Views: 090975

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