WTI crude oil futures are priced at $85.23. This represents a decrease of $1.20 or -1.39%.
The highest price of the day reached $86.94. The low price was $85.11. The price closes near session lows.
Looking at the hourly chart above, the price is approaching its ascending 200 hourly moving average at $84.67. The price last traded below this moving average on March 27 (near $81.40 at the time). This level also corresponds to the lows of April 4 and 8.
A move below this level and 38.2% upside from the March low of $83.45 would be targeted. .
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