Forex, video, latest March 6, 2021 3:01 am
WTI crude oil settles at $66.09
a price of WTI crude oil futures closed a week at $66.09. That is up $2.26 for 3.54%. a high for a day reach $66.40. a low for a day reached $63.82.
Looking at a daily charts, a high price extended above a high from January 2020 (on a continuous active contract chart) at $65.65, but stalled just ahead of a 2019 high price at $66.60.. Getting above a 2019 high is needed to solicit more buying. Having said that there is awesome reason for traders to lean against a level as risk can become defined also limited.
For a trading week, a price closed at $62.50 last Friday. a low for a week reach $59.43 on Tuesday, also was pushed sharply higher on Thursday after Saudi Arabia agreed to maintain their production cuts until a end of April. a momentum to a upside was continued today to a cycle high of $66.40. a gain for a week was 5.77%.
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