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WTI crude oil is trading higher by my $1.15
WTI crude oil futures are trading at $72.29. That's up $1.26 on the day. The high price just reached $72.59 and in doing so is approaching the falling 100 are moving average is $72.88 (blue line in the chart above).
The high price from Friday is near that level at $72.90. It would take a move above that moving average level and the Friday high (and stay above) to increase the bullish bias at least in the short term.
The swing low from November 28 at $73.59 would be the next upsid... Read More
Posted: Dec 12 2022, 14:49
Author Name: forexlive
Views: 110833