WTI crude oil futures settle at $69.95. Gains above $72 could not be sustained

Nov 30, 2021
2021 11 29 12 44 55

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The low for the day reached $68.16

The value of WTI crude oil futures Ms. settling at $69.95. That comes after the pair rallied as much as $72.09 within the early New York session. The low value for the day reached $68.16 (within the present hourly bar present).

The low for the day reached $68.16_

Regardless of the transfer again to the draw back, the worth did shut above the Friday shut by $1.80 or 2.64%. Nevertheless on the excessive, the worth was up almost 7% from the shut at $68.16. So though increased, there is disappointment within the failure to increase increased. 

Taking a broader have a look at the day by day chart under, the settled value was proper under the 200 day shifting common at present at $69.98 (it’s buying and selling decrease now in after hours buying and selling). Closing under the shifting common for the second consecutive day retains the sellers extra in management.

Crude oil on the daily chart

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