Crude oil settles at $63.96

The value of crude oil futures are settling eight cents larger at $63.96. The excessive worth as we speak reached $64.44 the low worth was at $63.02.

Trying on the hourly chart, the value consolidation seen over the previous few days has led to the 100-hour shifting common catching up with the value. The present 100 hour shifting common is at $64.49 and shifting decrease. Going ahead, a transfer above that shifting common can be the primary since August 1, and would tilt the bias within the quick time period to the upside.

This text was written by Emma Wang at investinglive.com.