Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

Crude oil settles at the lowest level since March 16

A.R Chowdhury by A.R Chowdhury
April 6, 2022
Reading Time: 1 min read
0

The price of WTI crude oil is settling at $96.23. That is down $5.73 or -5.62% and is the lowest settle since March 16. The price low has moved to $95.90. The high was at $104.02.

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

Worries about moves toward a recession on the back of tighter central bank policy (including the Fed) are weighing on the demand side of the equation today. Also IEA also announced that members will release 120 M barrels from SPR over the next 6 months which includes the 60M the US announced earlier this week.

Looking at the daily chart, the price low is testing the 50% midpoint of the move up from the August 2021 low at $96.16. That level will be a barometer for buyers and sellers going forward.

Crude oil

Crude oil tests the 50% midpoint
ADVERTISEMENT – CONTINUE READING BELOW

Source link

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post

EURUSD trades to a new session high in rebound trade off a failed break earlier in the day

The EUR is the strongest and the AUD is the weakest as NA traders enter for the day

Leave a Reply Cancel reply

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

Recommended Stories

NASDAQ index back up over 2% as the day maneuvers into the close

September 14, 2020

AUDUSD tests a swing high area. Can it break and stay above today?

July 9, 2020

GBPUSD trades near midrange of recent move and 200 hour MA

May 5, 2020

Popular Stories

  • New highs for US stocks. The Nasdaq continues to lead

    New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • Bitcoin technical analysis, bulls might be giving up soon

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.