The price of WTI crude futures settled at $75.19 today. That was up $0.90 or 1.21%. The high price today read $76.60. Low price was at $74.21.
Looking at the hourly chart below, the price has been trading above and below its 100 hour moving average currently at $75.74. And the high price was able to extend above a downward sloping trendline on the top side. However the 50% midpoint fell short of the 50% midpoint of the move down from the December high (reached on December 1) to the December low (from December 9). The midpoint level comes in at $76.64. The high price fell short by four cents.
On the downside getting into and through the 200 hour moving average currently at $74.18, would be the next
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