The price of WTI crude oil futures is settling at $99.27. That is down -$1.01 or -1.01%.
The high price today reached $101.75 while the low extended to $97.78.
A week ago today, the price closed at $113.90. The decline of $14.63 represents a tumble of -12.84% for the week.
the high for the week was on Monday at $112.93 on the low was today at $97.78 area download took out the low from Tuesday’s trade at $98.44 before bouncing back to the upside.
Looking at the hourly chart below, the high price from March 30 stalled right near its 100/200 hour moving averages (blue and green lines). The holding below those moving averages, kept the sellers in play and helped to lead to a move back to the downside from a technical perspective.
This article was originally published by Forexlive.com. Read the original article here.