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Home Market Analysis

WTI crude futures settle at $90.77. What are the technicals telling traders?

by Trades Academy
September 17, 2023
in Market Analysis
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The worth of WTI crude futures are settling at $90.77. That is up $0.61 or 0.66%. The low for the day attain $89.22. The excessive lengthen as much as $91.15.

For the week, the costs up round 4% on the week. That is the third consecutive up week for crude oil.

Technically, the value is closing above its 100 week transferring common at $85.91.

Trying on the hourly chart beneath, the value low right now discovered early patrons in opposition to the 100 hour transferring common (blue line within the chart beneath), and shortly reversed again towards the excessive for the day.



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Tags: CrudeFuturesSettleTechnicalsTellingtradersWTI

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