Contract up $0.46 or 0.88%
US WTI crude oil futures settle the day at $52.95. That is a gain of 0.46 cents or 0.88%
- The high price reached $53.19
- The low price extended down to $52.08
Looking at the hourly chart below, the low today fell below MA levels but held against a support trend line. The topside yesterday stalled at an upside trend line.
So overall, the crude oil is treading water between a support trend line below and a topside trend line above.....