Crude Oil futures are trading higher by $0.63 at $44.50 in Tuesday's session. It is attempting to end a four-day skid that started on Niovember 3, when it ended the session at $47.90.
After a higher open, the contract retreated but found support just under Monday's low ($43,64), reaching $43.57 before rebounding back over $44. If the rally continues through the intra-day high ($44.76), there may be additional resistance at Monday's high ($45.12).
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
