Chart of the Day: Crude Oil
[Music]
crude oil Futures the WTI contract
holding up around
$82 well off the spike high that we saw
last week to near 88 the $6 a barrel
decline we’ve seen in the WTI contract a
reflection of how tensions in the Middle
East have eased but with demand strong
here in the US and globally for that
matter prices at the pump remain
elevated the WTI this week has been
teetering around the day moving average
holding just above the longer dated 200
day moving average which is down around
78 to get more information on crude oil
futures or to follow price activity more
closely check out the future show here
on the Schwab Network weekdays at 8:
a.m. eastern
As diplomatic and military involvement hopes to tamp down any escalation of tensions in the Middle East, Ben Lichtenstein takes a look at the technical picture surrounding today’s Chart of the Day: Crude Oil.
#shorts #investing #stockmarket #crudeoil #gasprices #gasoline #fuel #energy #chartanalysis #chartpatterns
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