Crude oil settles at $65.16

Crude oil futures settled at $65.16, down $zero.87 on the day.

Earlier this week, the value briefly broke under the falling 100-day shifting common (blue line on the chart), however every time, draw back momentum light and every day closes returned above that stage—indicating an absence of sustained bearish conviction.

Heading into the brand new buying and selling week, sellers would wish to push and maintain the value under the 100-day shifting common to extend the bearish bias. A break under the swing space low at $63.61 would additional bolster draw back momentum and vendor confidence.

On the topside, resistance is seen at $66.96, adopted by the 200-day shifting common at $67.99.

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



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