WTI crude oil futures settle at $62.87

Technical Analysis

Author: Greg Michalowski | crude-oil

Up $0.85 or 1.37%

WTI crude oil futures settled at $62.87, up $0.85 or 1.37%.

The issues in the the middle east and risk on flows from higher stock prices, have helped to support the price.  

Technically, the pair tested the 200 day MA the first three days of the week. That MA comes in at $60.62. The low today did not get close to the line. The price moved away.   The low today reached $62.08.  

Up $0.85 or 1.37%

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