Impressive turnaround for WTI crude oil to finish at $40.55

Technical Analysis

Author: Adam Button | wti

WTI settles at $40.55, up 96 cents

Front month WTI crude had been as low as $38.54 but bounced more than $2 to finish nicely higher on the day.

Crude has been tied to $40 for weeks but today's rebound is a preliminary sign of a higher low.
WTI settles at $40.55, up 96 cents
If crude can get above $41.63 next week it can run.
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