Crude oil futures settle at $76.92

The price of WTI crude oil handed up-and-down session with the price settling at $76.92, up eight cents or 0.10%. The high price reached $77.09. The low price was at $75.54.

Looking at the daily chart, the 200-day moving averages about $77.36 (greenlining the chart above. That moving average was tested during Friday’s trade but backed off. On a move above that, the 100-day moving average is at $78.19 which is joined by the 38.2% retracement level (at $78.15).

This article was written by Greg Michalowski at Source