Crude oil settles at $69.92
The price of WTI crude oil is settling at $69.92. That's up $0.27 or 0.39%. The high price reached $69.97. The low price was at $69.
The price of WTI crude oil is settling at $69.92. That's up $0.27 or 0.39%. The high price reached $69.97. The low price was at $69.12.
Looking at the daily chart, the 100-day moving average comes in at $70.66. That is the next key target on the topside. Above that and the 38.2% retracement of the 2025 trading range comes in at $71.16. The 200-day moving average comes in at $72.81.
Those are the technical targets on more upside momentum.
On the downside, looking at the hourly chart below, the 100 hour moving average held support in trading today. That currently comes in at $69.12 and moving higher. If the price were to move below that moving average, it would give the sellers the go-ahead to move to the downside. . The 200 hour moving averages below that at $68.28 and moving higher.
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