The price of crude oil futures are settling eight cents higher at $63.96. The high price today reached $64.44 the low price was at $63.02.
Looking at the hourly chart, the price consolidation seen over the last few days has led to the 100-hour moving average catching up with the price. The current 100 hour moving average is at $64.49 and moving lower. Going forward, a move above that moving average would be the first since August 1, and would tilt the bias in the short term to the upside.
