Up $0.99 or 1.61%
WTI crude oil futures are closing at $62.58. That is up $0.99 or 1.61%
The high today reached $62.72. The low extended to $61.60.
Technically, the price is closing well above its 200 day MA at $61.68 (well near $1 higher). That is the first close above 200 day MA since October 2018 (see green line in the chart above).
The next upside targets (if the price can stay above the 200 day MA) will look toward Juen and August 2018 swing lows at $63.59 and $64.37. The 61.8% of the move down from the October high comes in at $63.71.
