Technical Analysis

WTI crude oil futures settle at $89.08

WTI crude oil futures are settling at $89.08. That’s up $1.17 or 1.33%. The high price reached $89.78. The low price extended to $87.35. Looking at the hourly chart, the high for the day reached $89.78. The low price extended to $87.35. The high price tested the swing area between $89.72 and $90.05. Sellers leaned against the area and rotated the price back down into the settlement.

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