Wti futures price edged lower to $78

WTI futures price edged lower to $78.15, driven by a correction in broader commodity indices. Chart-based traders point to Fib retracement levels around $77.60 as possible rebound zones. ULSD futures surrendered earlier small gains to move lower in choppy trading, with the front-month contract off 0.21ct to $2.2414/gal and December prices 0.13ct lower to $2.2292/gal. Futures and Forex: at least 10 minutes delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab) . WTI futures price hovered around $78.65 per barrel in today’s early trading, with traders eyeing U.S. inventory data for directional clues. The price trend remains sensitive to Fed rate outlook and Middle East supply concerns. Analysts see short-term support at $77.20 and resistance near $80.