US crude oil futures settle at $63.22


Up $1.55 or 2.51% on the day

The price of WTI crude oil futures settle up $1.55 or 2.51% at $63.22. The high price reached $63.37. The low price extended to $60.97.

Up $1.55 or 2.51% on the day_

Looking at the hourly chart, the price low today (and yesterday) stalled just ahead of its 100 hour moving average. That was the clue technically for a move back to the upside. In the North American session the cycle high at $63 was broken and the price moved up to test a topside trend line on 2 separate occasions including the current hourly bar. That trend line currently comes in at $63.41. The high price for the day reach $63.37.



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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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