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WTI crude oil futures are settling at $71.79. That’s up an even $2 on the day or 2.87%. The high price today reached $72.17. The low price was at $69.90. The high price from June 21 reached $72.72. That is the next upside target. Above that the high price from June 8 reached $73.28, and the falling 100-day moving average at $73.98 would be targeted (blue line in the chart below).
The price of crude oil has not closed above its 100-day moving average since April 28.
WTI crude oil moves higher
This article was originally published by Forexlive.com. Read the original article here.