WTI crude oil futures settle at $58.52

Technical Analysis

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

Up $0.71 or 1.23% on the day


The price of crude oil futures is settling at $58.52. That is up $0.71 or 1.23% on the day

The high price extended to $58.87 while the low reached $57.56.

Technically, the price day move back above its 100 hour moving average for the 1st time since January 8. That 100 hour moving average comes in at $58.41 currently (blue line in the chart above).

Crude oil futures are trading just above its 100 hour moving average
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