WTI crude oil (May) contract settles at $58.65

Down $-2.80 or -4.56%

The price of WTI crude oil futures are settling at $58.65. That’s down -$2.80 or -4.56%.

The price of WTI crude oil futures settle at $58.65. That’s down -$2.80 or -4.56%.

The high price today reached $61.50. The low price extended to $57.63.

Looking at the hourly chart below, the price low stalled ahead of the swing lows going back to March 23 and March 24. Those levels came in at $57.24 and $57.42.  The broken 61.8% retracement of $59.15 is a topside resistance level now.  

Down $-2.80 or -4.56%_

Invest in yourself. See our forex education hub. Source

Leave a Reply

Your email address will not be published. Required fields are marked *