WTI crude futures settle at $90.77. What are the technicals telling merchants?

WTI crude futures settle at $90.77. What are the technicals telling merchants?


The value of WTI crude futures are settling at $90.77. That’s up $0.61 or 0.66%. The low for the day attain $89.22. The excessive prolong as much as $91.15.

For the week, the costs up round 4% on the week. This is the third consecutive up week for crude oil.

Technically, the value is closing above its 100 week transferring common at $85.91.

Looking at the hourly chart beneath, the value low right this moment discovered early consumers towards the 100 hour transferring common (blue line in the chart beneath), and shortly reversed again towards the excessive for the day.

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