The price of crude oil is now trading in negative territory and $69.08. That is down from a high of $70.32. Looking at the hourly chart, the price action this week did move above its 200-hour moving average (currently at $68.93) on its way to the high today. That move higher today also exceeded above the $70 level and the 38.2% retracement of the move down from the August 24 high at $69.94, but momentum could not be sustained. In the last few hours of trading, the price action has seen a steady decline. The price is back down retesting the broken 200-hour moving average at $68.93.A move back below that 200 hour moving average would disappoint the buyers and could see further momentum with
Hence then, the article about crude oil trades into negative territory was published today ( ) 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.
Read More Details
Finally We wish PressBee provided you with enough information of ( Crude oil trades into negative territory )
Also on site :
- Instructure strikes deal with hackers who breached it twice .. TechCrunch
- AI voice startup Vapi hits $500M valuation after winning Amazon Ring over 40 rivals
- France’s Macron announces $27bn investment in Africa at Kenya summit