February Crude Oil futures are trading higher by $1.10 at $37.91 in Tuesday's session. Off the open, it found support $0.06 above Monday's low ($36.60) at $36.66 and began to move higher.
The ensuing rally has taken the contract to a very important resistance level at the $38 level. The reason for that being that it has three consecutive highs in that area: On December 23 at $37.95, December 25 at $38.28 and on Monday it peaked at $38.09. The current high in the contract stands at $37.94.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in