WTI crude oil futures settle at $63.17

WTI crude oil futures are settling $zero.79 decrease at $63.17. The low for the day prolonged to $63.06. The excessive for the day was at $64.34.

Wanting on the hourly chart beneath, the worth is shifting away from its 100-hour shifting common up at $64.82. The value can also be dipping beneath the low of a swing space between $63.61 and $65.27.

It will take a transfer again above the 100-hour shifting common and the excessive of the swing space at $65.27 to offer the consumers again some management. Absent that the sellers are in agency management. The subsequent goal comes towards the lows, going again to Might close to the $60 degree. Beneath that and merchants would look towards the April and Might lows close to $55.15.

This text was written by Emma Wang at investinglive.com.