The price of WTI crude oil futures are selling at $74.66. That’s up a modest 4 cents or 0.05%..
Looking at the daily chart, the price is settling below its 200 day moving average for the second day in a row at $74.71. For the trading week the race is down -3.58% as Pres. Trump started his 2nd term with the promise to drill, drill, drill and lower the price of energy.
This article was written by Greg Michalowski at www.forexlive.com.
Related Articles
CVI and Overbought Oversold Forex Trading Strategy
The CVI and Overbought Oversold Forex Trading Strategy is a powerful method...
Will Chinese DeepSeek Disrupt NVIDIA?
Will Chinese DeepSeek Disrupt NVIDIA and the American AI Industry?The global AI...
Weekly Market Outlook (27-31 January)
UPCOMING EVENTS:Monday: China PMIs, German IFO.Tuesday: US Durable Goods Orders, US Consumer...
What are the technicals driving the major US currency pairs heading into the new week
EURUSD: The EURUSD stretched above a retracement (61.8% from the December high)...
Leave a comment