US WTI crude oil futures settle at $58.13

Technical Analysis

Author: Greg Michalowski | us-crude-oil-futures

Up two cents or 0.03%

US WTI crude oil futures are set on the day near unchanged levels at $58.13. The October contract is settling up to cents or 0.03%. The high price reached $59.54. The contract is going out near the lows for the day $58.01.

Technically, the contract is going out near its 200 hour moving average at $58.04.

The gap higher from the Saudi bombing is being eroded. There still is a distance from teh $54.82 close from last Friday, but its a good ways down from the high from Monday at $63.38

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose