WTI crude oil futures settle near unchanged at $110.29

The price of WTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term futures Futures Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Read this Term are settling at $110.29 That's 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.

Meanwhile in the natural gas market, prices are soaring and up 8.19%.

After moving lower earlier in the session and testing its 200 hour moving average in the process, buyers re-entered against the 200 hour moving average (green line) and then broke above the 100 hour MA (blue line at $8.28 currently).

The next target came in at the highs from last week near $8.60, and extended even higher. The $8.60 is now close risk. The high from May 6th is the next upside target at $9.02.