WTI crude oil falls sharply
The price of WTI crude oil is closing sharply lower today.
- Settlement price $63.82
- Down -$2.26
- Down -3.42%
- High $65.81.
- Low $63.09
Technically, the price fell below its 100 and 200 hour moving averages earlier in the day and buyers turn to sellers. The pair fell below the 50% retracement of the move up from the April 22 low at $63.66, but fell short of the 61.8% retracement at $62.94. The swing low from May 3 is also near that area. The low for the day reached $63.09.
