WTI crude oil futures settle at $40.25

Technical Analysis

Down $ 0.06 or -0.15%

The price of WTI crude oil futures settle at $ 40.25. That is down $ 0.06 or -0.15%. The high price for the day reached $ 40.64. The low price extended to $ 39.71.

Down $ 0.06 or -0.15%_

The close last Friday settle that $ 41.32. The settle today $ 40.25, has pushed the price down $ 1.07 on the week. That is down 2.58% on the week. The high price this week was on Monday at $ 41.49. The low price was also on Monday at $ 38.87. Those lows skimmed along its 100 day moving average (blue line currently at $ 39.39). On the topside, the pair stalled near the 50 day moving average currently at $ 41.47.

At some point there will be a catalyst to push the price either above the 50 day moving average (and then 200 day moving average at $ 41.95), or below its 100 day moving average (at $ 39.39). On a break, look for more momentum.
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