Crude Oil Consolidates Above Resistance Line – WTI Crude Oil

Jim RinaudoGeneral Commentary

The December WTI (CLZ24) trading session settled at 68.43 (+0.31) [+0.46%], had a high of 68.86, a low of 66.94. Cash price is at 68.13 (+0.06), while open interest for CLZ24 is at 169,247. CLZ settled below 5 day (69.38), below its 20 day (69.87) , below its 50 day (69.89), below its 100 day (72.53) and below its 200 …

Stronger Dollar And Weekend Chinese Data Tanks Crude -3.32%

Jim RinaudoGeneral Commentary

The December WTI (CLZ24) trading session settled at 68.04 (-2.34) [-3.32%], had a high of 70.56, a low of 67.92. Cash price is at 70.39 (-2.00), while open interest for CLZ24 is at 279,129. CLZ settled above its 5 day (70.92), above its 20 day (70.06), above its 50 day (69.92), below its 100 day (72.74) and below its 200 …

OPEC+ Delays, Eve Of U.S. Election – WTI Crude Oil

Jim RinaudoGeneral Commentary

The December WTI (CLZ24) trading session settled at 71.47 (+1.98) [+2.85%], had a high of 71.81, a low of 70.25. Cash price is at 69.52 (+0.23), while open interest for CLZ24 is at 339,370. CLZ settled above its 5 day (69.26), below its 20 day (70.78), above its 50 day (70.17), below its100 day (73.04) and below its 200 day …

Iran Spooks Crude Oil Markets – WTI Crude Oil 10/31/24

Jim RinaudoGeneral Commentary

The December WTI (CLZ24) trading session settled at 70.53 (+1.92) [+2.80%], had a high of 70.81, a low of 68.30. Cash price is at 68.61 (+1.44), while open interest for CLZ24 is at 345,864. CLZ settled above its 5 day (69.11), below its 20 day (71.29), below its 50 day (70.27), below its100 day (73.16) and below its 200 day …

Oil Trades Higher Off OPEC+ Rumor – WTI Crude Oil 10/30/24

Jim RinaudoGeneral Commentary

The December WTI (CLZ24) trading session settled at 68.61 (+1.40) [+2.08%], had a high of 69.17, a low of 67.28. Cash price is at 67.17 (-0.18), while open interest for CLZ24 is at 354,114. CLZ settled below its 5 day (69.10), below its 20 day (71.44), below its 50 day (70.28), below its100 day (73.21) and below its 200 day …