Crude oil settles at .84,

Crude oil settles at $76.84,

The price of oil is settling at $76.84. That is up $0.62 or 0.81% on the day. The high price reached $77.29. The low price was at $75.93.

For the trading week, the prices soared 6.27% which comes after a -7.35% decline last week, and a 6.5% rise the week before. So price action has been up-and-down over the last few trading weeks.

Looking at the weekly chart, the price low dipped below its 200-week moving average at $72.04. Looking at the chart below, the last 10 trading weeks has been skimming along that 200-week moving average with six of the 10 weeks moving below the moving average intra-week. However, there have been no closes below that moving average – keeping the buyers in play technically.

Crude oil is up sharply this week

Technical Analysis

Articles You May Like

US Senator to introduce bill allowing Americans to invest their retirement funds in crypto
Musk says no plans for the US government to use DOGE coin
Crypto takes another bath on Trump tariff tade war

Leave a Reply

Your email address will not be published. Required fields are marked *