Reply To: Around The Barrel – Crude Oil and Gasoline Summer Outlook

#37305
TradersCom
Keymaster

WTI crude oil futures settle at $110.29 Up $0.01 or 0.01%

The price high reached $111.96. The low price extended to $109.15.

On the daily chart, the price remains within a channel connecting recent highs and lows going back to April.
Last week the price did extend above a topside trend line only to fail and move back toward the middle of the range.
The topside trend line.
The topside trend line cuts across at $115.44 and moving higher.
The lower trend line cuts across near $110.40.