The price of WTI crude oil futures are settling at $107.82. That is up $3.58 or 3.43%.
The high price reached $108.75. The low price extended to $104.55
Looking at the hourly chart, the price high today stalled near the 100 and 200 hour moving averages. The 100 hour moving averages at $108.23. The 200 hour moving averages at $108.76. A move above those moving averages would increase the bullish bias as shorts against the moving averages look to cover.
This article was originally published by Forexlive.com. Read the original article here.