![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2023/05/wti-crude-oil-futures-settle-at-71-86-forexlive.jpg)
WTI crude futures are selling at $71.86. That’s down $0.97 or -1.33%. The high-priced rate reached $72.97. The low price was $71.52.
Looking at the chart, the price settled just below the 200-hour moving average at $71.88. The 100-hour moving average at $71.23. Going forward if the price was to move below the 100-hour moving average, the bias would shift more to the downside. Conversely, move back above the 200-hour moving average, and the bias in the short term would have traders looking toward the $73.50 – $73.89 swing area (the red numbered circles).
WTI crude oil falls back to the 100/200 hour MA
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- Source: https://www.forexlive.com/news/wti-crude-oil-futures-settle-at-7186-20230518/
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