Crude oil is settling at $60.56. That is down $0.45 or -0.69%. The low price reached $59.94. The high price was at $61.03.
Technically,
- The price remains below the swing area between $61.45 and $61.94. That is topside resistance.
- On the downside, there is a swing area support between $59.64 and $60.17 going back to October 10.
In between those 2 levels 6100 and 200 hour moving averages at $60.60 and $60.88 respectively.
Buyers and sellers have been battling it out between those extremes since October 27.
This article was written by Greg Michalowski at investinglive.com.
