WTI crude oil futures are settling $0.79 lower at $63.17. The low for the day extended to $63.06. The high for the day was at $64.34.
Looking at the hourly chart below, the price is moving away from its 100-hour moving average up at $64.82. The price is also dipping below the low of a swing area between $63.61 and $65.27.
It would take a move back above the 100-hour moving average and the high of the swing area at $65.27 to give the buyers back some control. Absent that the sellers are in firm control. The next target comes against the lows, going back to May near the $60 level. Below that and traders would look toward the April and May lows near $55.15.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about wti crude oil futures settle at 63 17 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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