The price of crude oil is settling at $63.66, up $0.14 or 0.22%.
The high for the day reached $63.93, while the low came in at $63.31, leaving a relatively narrow trading range.
Looking across the week, the market established a low at $61.45 on Monday, before testing the falling 100-hour moving average and quickly rotating back down to a Tuesday low of $61.67.
From that point, momentum shifted as the price climbed above both the 100- and 200-hour moving averages, only to retrace back to the 100-hour average on Thursday, where buyers reemerged to defend support. The rebound carried through into today’s session, with the rally extending to $63.93 — the highest level of the week.
For the trading week, the price is up 1.05%. Although the price is above the 100/200-hour MA giving the buyers some control in the short term, the price is still below the 100-day MA at $64.36. The price is also below the 38.2% of the move down from the end of July high at $64.91. Getting and staying above both those levels is needed to give the buyers more control.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about wti crude oil futures settled at 63 66 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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