Crude oil futures settle at $52.89 today

Technical Analysis

Down -$0.36 or -0.68%

The price of crude oil is settling today at $52.89. That is down -$0.36 or -0.68% on the day. 

The high price today reached up to $54.44. The low extended to $52.16.

Technically, the price remains above the 100 and 200 hour MAs after testing those level earlier in the trading day. The 100 hour MA comes in at $52.51. The 200 hour MA comes in at $51.99.

OPEC meeting tomorrow.
ForexLive

Products You May Like

Articles You May Like

Intraday Technical Analysis 16 January
EUR/USD Daily – Q1 2019 Market Outlook – Wave Analysis
USDJPY moves back toward days high in down and up session
Andrea Leadsom: Motion on government’s next Brexit steps will be put forward on 21 January
Strong US Data, Trade Solace, & Consistent Fed Speak Drive Strong Dollar and Risk Narrative

Leave a Reply

Your email address will not be published.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