WTI crude oil futures settle at $42.24

Technical Analysis

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

Down $0.43 or 1.01%

the price of WTI crude oil futures are settling at $42.24. That is down $0.43 or 1.01%. The IEA lowered its global demand forecast.

The high price today reached $42.84. The low price extended to $42.09

The September contract remains below its 200 day moving average at $43.58 and remains mired in a sideways trading range.  Since June 30 the price has been confined to a $38.66 low to $43.60  high. The 200 day moving average has now moved down toward that swing high over the last month and 1/2.

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