TECHNICAL ANALYSIS

Crude oil futures have extended their gains


July contract up $ 1.71 or 6.66% to $ 27.39

WTI crude oil futures for delivery in July are currently trading $ 1.71 or 6.66% to $ 27.39, with the high price just reaching $ 27.48. The June contract is also higher by $ 1.55 or 6.03% to $ 26.83.

Crude oil

Looking at the daily graph of the July contract, the price tests the 50% retracement of the drop compared to the drop in the spread on March 9. This level stands at $ 27.45. The high price is just above this level of $ 27.48.

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