Technical Analysis

US crude oil futures settle at $60.20

Down $0.20 or 0.38%

The price of crude oil futures are settling at $60.20, down $.23 or 0.38% on the day

The high extended to $60.94. The low fell to $60.14.

Technically, the price extended above the 61.8% of the move down from the April high at $60.49 but is back below that level currently.  Yesterday, the price based against the 200 day MA at $58.38 before moving higher. The gains were helped by a sharp draw in the crude oil inventories.  

ForexLive

Articles You May Like

EUR/USD GBP/USD trade Best Forex Trading System 11 OCT 2019 Review -forex trading systems that work
GBP/USD Volatility Spikes Amid Key Brexit Talks, NZD/USD Eyes CPI – US Market Open
US stocks ending the day with gains but well off highs
ForexLive Asia FX news wrap: Trump, Liu He to meet Friday
Will Risk Trends Extend Charge and EURUSD Reverse with Trade War News?

Leave a Reply

Your email address will not be published. Required fields are marked *