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

WTI crude oil futures settle at $69.30

A.R Chowdhury by A.R Chowdhury
September 8, 2021
Reading Time: 1 min read
0
WTI crude oil futures settle at $69.30

Up $0.95 or 1.39%

The price of WTI crude oil futures are settling at $69.30. That it is up $0.95 or 1.39%. THe high for the day reached $69.75. The low extended to $68.31.  

Up $0.95 or 1.39%_

Looking at the hourly chart above, the price action saw the price move back above its 50 day moving average but only briefly at $69.38. The downward sloping trendline (see green numbered circles) comes in at $70.05. If the price is going higher getting above the topside trendline and the natural resistance at the $70 level  (and staying above) is required.

The 200 hour moving averages comes in at $68.85 (see green line in the chart above). The price did trade below that moving average line earlier in the day, but has found some support near that level as the day comes to a close. In the new day, moving below that moving average line would increase the bearish bias and should lead to further downside momentum.

For now, the price is settling in between the close support at the 200 hour moving average at $68.85, and close resistance near the $70 level.

Source link

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

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
Long candle wicks tee-up some questions into tomorrow’s trade

Long candle wicks tee-up some questions into tomorrow's trade

EURJPY trades between hourly moving averages

EURJPY trades between hourly moving averages

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended Stories

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

August 5, 2020

USDCAD was back into lower key swing area. Can sellers push the price through the support.

August 31, 2021

USD/JPY eases a little lower to start the session, what levels to look out for?

May 16, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    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
  • What is CFD trading?

    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.