WTI crude oil settles at $65.61

Crude oil settles down $0.41 or -0.62%

The the price of WTI crude oil futures are settling at $65.61. That is down $-0.41 or -0.62%.  The high for the day reached $66.24. The low extended to $65.41.  

Crude oil settles down $0.41 _or -0.62%

For the week, the high price (and high for the recent cycle) reached $67.98 on Monday.  The low price was on Wednesday at $63.13. At the low, the price tested the 200 hour MA  (green line) and the 50% midpoint of the move up from the February 19 low at $63.29.  The contract is closing back above its 100 hour moving average currently at $65.01. That tilt a bias more to the upside.

The closing level last Friday was at $66.28. For the week, the price fell $0.67 or  -1.01% on the week.

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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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