TECHNICAL ANALYSIS

Crude Oil Futures Settle At $ 40.22


Up $ 0.93 or 2.37%

The price of the WTI crude oil futures contracts is $ 40.22. That’s up $ 0.93 or 2.37%. The high price hit $ 40.37. The low price extended to $ 38.68.

Up $ 0.93 or 2.37%

Technically, the price is moving back above its 100-day moving average currently at $ 39.68. The next bullish target would be at the 50-day moving average at $ 41.38. The 200-day moving average is just above that level at $ 41.72.

The price of crude oil closed for today below its 100-day moving average, but was unable to support the bearish momentum. Nonetheless, the 100-day moving average will remain a key barometer for the future of the market.

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