Crude oil futures is settling at $68.72. That’s down five cents or -0.07%. The high price today reached $69.33. The low price was at $68.18.
Technically, the high price today extended briefly above its 200 hour moving average at $69.19. Getting above that moving average and then the higher 100 hour moving average at $69.73 would tilt the technical bias more in favor of the buyers.
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This article was written by Greg Michalowski at www.forexlive.com.
