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Crude Oil Futures Settle At $ 70.86

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Crude Oil Futures Settle At $ 70.86

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The price of WTI crude oil futures is at – $ 1.52 or -2.10% at $ 70.86. The price stood at $ 72.38 yesterday. The high price reached $ 72.25 today while the low price extended to $ 69.95. A week ago, the price closed at $ 71.94. Winning for the week was $ 0.44

Looking at the hourly chart, the price closes below its 200 and 100 hour moving averages after breaking those moving averages on Wednesday and holding the level in a test during yesterday’s trade. The price is now back below these moving averages and remains below them, again tilting the bias in favor of sellers.

The week’s low hit $ 69.37 on Wednesday. The week high was Monday and Thursday near $ 72.97.

Crude oil

Overall, the price action this week was down, up and down with the price falling below the middle of the trading range and moving averages. This momentum tilts the bias further down at the end of the week, but buyers and sellers are still fighting and would need a move below $ 69.37 or above $ 72.97 to determine the next big one. winner.

Crude Oil Futures Settle At $ 70.86

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