Crude oil is trading above $78

Crude oil is trading above $78

Crude oil checks it is 200 day shifting common</p>

WTI crude oil futures are trading above $78. For the day, the value is up round $2 or 2.56%.

Looking on the every day chart, the value is trying to take a look at its 200-day shifting common at $78.13. A transfer above that shifting common would tilt the bias extra to the upside with the following main goal on the every day chart on the 50% midpoint of the transfer up from the May low to the top of September excessive. That stage is available in at $79.30.

Conversely, holding resistance towards the 200-day shifting common would give the sellers extra confidence

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