Crude oil futures are settling at $61.31. That is down $0.19 or -0.31%. The low price was at $60.67. The price is settling near the middle of the range.
Looking at the 4 hour chart, the price is trading above and below the 200 bar moving average at $61.55. There is a swing area between $61.45 and $61.94 which confined the downside from August 13 to October 2.
Since Thursday, the price has been trading above and below that swing area.
Watch that area for a movement away $61.94 or below $61.45
