WTI crude oil futures settle at $55.69

Technical Analysis

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

WTI crude oil futures for March delivery settle up $0.93 or 1.70%

The price of WTI crude oil futures are setting higher on the day at $55.69. That is a gain of $0.93 or 1.7%

The high price reached $56.33 while the low extended to $54.81.  

WTI crude oil futures for March delivery settle up $0.93 or 1.70%
The contract has risen 3 days in a row. Yesterday the price moved above the January high at $53.94.  The contract has been mired in a sideways trading range between $51.41 and $53.94. If the price can stay above the $53.94 level, the buyers would stay in firm control 

The contract is trading at its highest level since January 2020 (for the March contract).  
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