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Crude oil trades to a new session high and extends above moving average resistance.

The price of WTI crude oil futures are extended to the upside and in the process breaking up back above its 100 hour moving at $76.43 (blue line in the chart above). Stay above would have traders looking toward the 200 hour moving average currently at $77.63.In trading this week, the price moved below the gap from the OPEC+ meeting back on March 31 at $75.70. That helped to send the price toward the 50% midpoint of the move up from the March 20 low. That midpoint level comes in at $73.94. The l... Read More

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Content Topics

Crude

Trades

Session

High

Extends

Above

Moving

Average

Resistance

Forex

Posted: Apr 28 2023, 16:59

Author Name: forexlive

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