The price of crude oil is settling at $73.16, which is up $0.63 or 0.87%. The high for the day reached $75.16. The low was at $72.05.
Technically, the price at session lows has been finding support at the 61.8% of the move up from the mid_December low. The price tested that level 3 separate times and each time bounced.
The move higher did extend above the 200 hour MA (green line) currently at $73.91, but each of those breaks failed.
The current price is just below the 100-hour MA at $73.20 (blue line on the chart below). The 200 hour MA is at $73.91. Getting above both is needed to increase the bullish bias today and going forward. Staying below would be more bearish technically.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about crude oil futures settle at 73 16 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.
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