Crude oil futures settle at $76.92

Technical Analysis

The price of WTI crude oil handed up-and-down session with the price settling at $76.92, up eight cents or 0.10%. The high price reached $77.09. The low price was at $75.54.

Crude oil

Looking at the daily chart, the 200-day moving averages about $77.36 (greenlining the chart above. That moving average was tested during Friday’s trade but backed off. On a move above that, the 100-day moving average is at $78.19 which is joined by the 38.2% retracement level (at $78.15).

Articles You May Like

ICYMI – Chinese vessel spotted where Baltic Sea cables were severed
NZDUSD Technical Analysis – The lack of catalysts keeps the market rangebound
Buy the dip! HAL, PNB, IDFC First Bank among 10 stock ideas from Jefferies
Gold price today: Gold prices jump Rs 2,200/10 gms in a week, silver surges Rs 900/kg
These 8 stocks hit 52-week high, rallied up to 18% in a month

Leave a Reply

Your email address will not be published. Required fields are marked *