The price of crude oil futures is settling at $68.07. That is up $1.10 or 1.64%.. The high price reached $68.18. The low price was at $66.65.
Looking at the hourly chart, the high price today stalled just ahead of the 38.2% retracement of the move down from the February 20 high. That level comes in at $68.21. The high price from Tuesday's trade extended up to $68.46 but could not sustain the momentum and rotated back to the downside bottoming on Wednesday at $66.08.
Move above the 38.2% retracement would open the door for more upside momentum. It above $68.46 would be the next target.
If the price stays below the 38.2% retracement, the sellers are still in play with the 100 and 200-hour moving average at $67.20 and $67.01 as the next downside targets.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about crude oil futures settled 68 07 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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