Down $0.21 or -0.45%
The price of WTI crude oil futures for January delivery are settling at $46.57. That is down $0.21 or -0.45%. The high price reached $47.29. The low price extended to $46.34.
The price of crude oil close of $46.09 a week ago.
The low price this week reach $44.95 on Wednesday after the surprise 15 million barrel build in crude oil sent the price down.
However, yesterday the contract squeezed higher to a high price of $47.74, before the wander down yesterday and into today’s trading.
The 50% retracement of the week’s trading range comes in at $46.35. The low for the day stalled right near that level at $46.34. Stay above is more positive. Move below is more bearish.
The price is also closing above its 100 hour moving average at $46.04 and its 200 hour moving average of $45.70.