Crude oil trading at session lows going into the settlement ...Middle East

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The price of crude oil is trading a session most going into the settlement. The price just reached $78.21. That's down $0.73 on the day. Looking at the daily chart, the price is moving to new lows for the week and new lows going back to March 13. It is also getting closer to its rising 100-day moving average currently at $77.99 (call $78. The price has not traded below its 100-day moving out since February 26. Just below that level is the 50% midpoint of the move up from the December low, to the April high. That level comes at $77.67.Going forward, if the price can move back below the 100-day moving average and 50% retracement level that would increase the bearish bias. Having said that, wit

Hence then, the article about crude oil trading at session lows going into the settlement was published today ( Friday 03/05/2024 - 09:33 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 03 May 2024 clock 09:33 PM

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Crude oil trading at session lows going into the settlement ...Middle East

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