Oil Takes A Breather – WTI Crude Oil Commentary 10/16/24

Jim RinaudoGeneral Commentary

The Nov WTI (CLX24) trading session settled at 70.29 (-0.19) [-0.27%], had a high of 70.99, a low of 7. Cash price is at 70.62 (-3.23), while open interest for CLX24 is at 137,889. CLX settled below its 5 day (73.24), below its 20 day (71.80), below its 50 day (71.79), and below its 200 day (74.93) moving-averages. The COT …

Oil Regains Recent Losses  – WTI Crude Oil Commentary

Jim RinaudoGeneral Commentary

The Nov WTI (CLX24) trading session settled at 75.85 (+2.61) [+3.56%], had a high of 76.24, a low of 73.26. Cash price is at 73.24 (-0.43), while open interest for CLX24 is at 197,403. CLX settled above its 5 day (74.76), above its 20 day (71.09), above its 50 day (71.78), and above its 200 day (74.91) moving-averages. CLX is …

Oil Plummets Over 4% – WTI Crude Oil Commentary 10/8/24

Jim RinaudoGeneral Commentary

The Nov WTI (CLX24) trading session settled at 73.57 (-3.57) [-4.63%], had a high of 77.33, a low of 72.69. Cash price is at  77.15 (+2.82), while open interest for CLX24 is at 242,047. CLX settled above its 5 day (73.84), its 20 day (70.41), its 50 day (71.80), but below its 200 day (74.90) ((broke below its 200 day …