Daily low hit $ 68.16
The price of the WTI crude oil futures contracts is $ 69.95. It comes after the pair climbed to $ 72.09 in New York’s first session. Today’s low price hit $ 68.16 (in current time bar).
Despite the lower return, price closed above Friday’s close of $ 1.80 or 2.64%. However, at the high, price rose almost 7% from the close at $ 68.16. So, although higher, there is disappointment that it is not possible to expand higher.
Looking more broadly at the daily chart below, the settlement price was just below the 200-day moving average currently at $ 69.98 (it is now trading lower after business hours). Closing below the moving average for the second day in a row keeps sellers more in control.
Invest in yourself. See our forex education center.