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Crude oil futures settle up 1.84% to $46.58

Discussion in 'Technical Analysis' started by ForexLive, Aug 16, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Rises by $.84 Crude oil futures today settled up 1.84% – up $.84 on the day to $46.58. The high for the day was for $46.73 while the low was at $45.34. Looking at the daily chart of WTI Crude oil, the price today pushed above the 50 and 100 day MA at $46.26 and $46.10 respectively. In addition to that, the price moved above the 50% retracement of the move down from the June high to the July low. That level comes in at $45.99.

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