Down $0.81 or 1.17%
THe price of WTI crude oil futures are settling at $68.28. That is down $0.81 or -1.17%.
The low for the day reached $67.80. The high reached $70.18. The price last Friday closed at $73.66. The move down took the settled price down -$5.38 or -7.3%. A big move to the downside.
Technically, the price moved down toward the rising 100 day moving average at $67.19. The price also tested the swing high going back to March at $67.94 this week. Moving below each would increase the bearish bias going forward. Conversely holding those levels keeps the buyers in play and in control.
This article was originally published by Forexlive.com. Read the original article here.