Crude oil futures settle at $58.88. Down $1.20 or -2.0%.
The high price reached $60.30. The low price was at $58.68.
Technically, the ups and downs continue. The price rallied to a more recent cycle high near $60.50 on Friday. But today the price rotated to the downside falling back below the 100 hour moving at $59.40, and then the 200 hour moving average at $59.08.
The next target comes between $58.27 and $58.49. Below that and traders will look toward the November lows between $57.10 and $57.39.
