{"id":1559,"date":"2021-07-15T17:12:17","date_gmt":"2021-07-15T20:12:17","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1559"},"modified":"2021-07-15T17:12:20","modified_gmt":"2021-07-15T20:12:20","slug":"crude-fades-late-to-the-lowest-settlement-in-nearly-a-month","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/07\/15\/crude-fades-late-to-the-lowest-settlement-in-nearly-a-month\/","title":{"rendered":"Crude fades late to the lowest settlement in nearly a month"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">WTI pressured late<\/h2>\n\n\n\n<p>Oil attempted to get off the floor a few times today and was doing a decent job of it until the latest round of broad risk aversion hit and sent it back towards session lows just ahead of settlement. Ultimately, crude settled at $71.65, down $1.48. Nearly all of the selling came in the last 3 hours, including 50 cents in the final minutes of trading.<\/p>\n\n\n\n<p><br>That all points to a bit of a short-term squeeze. There is some support at $71.50 but if that cracks, the last week&#8217;s spike low of $70.78 is next. Below the figure it could get ugly.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210715\/2021-07-15_14-38-51.png\" alt=\"WTI pressured late\"\/><\/figure>\n\n\n\n<p><em>Source:<a href=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/crude-fades-late-to-the-lowest-settlement-in-nearly-a-month-20210715\" data-type=\"URL\" data-id=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/crude-fades-late-to-the-lowest-settlement-in-nearly-a-month-20210715\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.forexlive.com\/technical-analysis\/!\/crude-fades-late-to-the-lowest-settlement-in-nearly-a-month-20210715<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI pressured late Oil attempted to get off the floor a few times today and was doing a decent job of it until the latest round of broad risk aversion hit and sent it back towards session lows just ahead of settlement. Ultimately, crude settled at $71.65, down $1.48. Nearly all of the selling came [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1069,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1559","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1559"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1559\/revisions"}],"predecessor-version":[{"id":1560,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1559\/revisions\/1560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1069"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}