December 8, 2022

Forex Solution

Learn To Trade Forex

WTI crude oil futures settle at $71.91

1 min read

Up $1.61 or 2.29%

The move higher in crude oil futures continued today with a sharp rise to the upside. The September contract settled at $71.91. That’s up $1.61 or 2.29%.

The price is up sharply from Monday/Tueday’s lows which saw the price reached $65.59. The price is now up $6.18 or 9.42% from that low. 

Up $1.61 or 2.29%_
Looking at the hourly chart, the futures contract broke above the 200 hour moving average and the 50% retracement of the move down from the July high near the $71.27 level. Stay above that level would the buyers in control going forward.
Invest in yourself. See our forex education hub.

Source link

Copyright © All rights reserved. | Newsphere by AF themes.