Crude oil futures are settling at $80.63. That’s down $0.44 or -0.54%.
The low for the day reached $80.42. The excessive was up at $81.45. For the buying and selling week, the worth is down -0.51% on a decline of $0.41. At session highs this week, the worth was up $2.08. At session lows, the worth was down $0.74.
Wanting on the weekly chart under, the excessive value this week at $83.12 briefly moved above its 100-week transferring common at $83.27 earlier than rotating again to the draw back. Patrons had a shot. They missed.
The low for the week was reached yesterday at $80.30.
The worth is again under its 50% midpoint of the 2023 buying and selling vary at $81.37. Getting again above that midpoint stage is required – together with a break of the 100-week transferring common -to enhance the bullish bias on the weekly chart.
Crude oil stalled on the 100 week MA.
