Crude oil futures settle at $60.07

WTI crude oil futures settled at $60.07, down $2.28 or three.66% on the day. Value motion was risky, with a session low of $58.76 and a excessive of $63.34. The market continues to digest yesterday’s sharp transfer decrease, which noticed crude fall to $55.15 — the bottom stage since February 2021 — earlier than rebounding.

As we speak’s excessive examined the decrease finish of a key swing space between $63.61 and $65.29 however failed to interrupt by way of. Simply above that, the 38.2% retracement of the 2025 high-to-low transfer is available in close to $64.92 — one other main upside goal that bulls must reclaim to regain firmer management.

For now, sellers stay in cost under that resistance band, whereas a transfer above $64.92 would mark a significant shift in momentum.

This text was written by Emma Wang at www.ubaidahsan.com.



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