The price of crude oil settled at $83.47. That’s up $0.75 or 0.91% on the day. The price is now up 4 of 5 days. Since the most recent low on March 11 to the high price reached today, the price is up 8.24% (seven trading days)
The high for the day reached $83.12. The low for the day was at $81.81. The price of crude traded to the highest level since November 3. The next target comes in against the 61.8% retracement of the move down from 2023 high. That level comes in at $84.59.
This article was written by Greg Michalowski at www.forexlive.com.
Recent Posts
Categories
Related Articles
BOJ governor Ueda: Will carefully communicate thinking behind policy decision with markets
Aware of criticism on communication being insufficient, with regards to post-July meeting...
European equities kick start the day on a slightly softer note
Eurostoxx -0.4%Germany DAX -0.5%France CAC 40 -0.2%UK FTSE -0.5%Spain IBEX +0.1%Italy FTSE...
Turkey Consumer Confidence increased to 78.2 in September from previous 76.4
Turkey Consumer Confidence increased to 78.2 in September from previous 76.4
Gold tops $2,600 as the bulls seek out the next leg higher
Up, up and away for gold? The bulls are certainly looking poised...
Leave a comment