Crude oil futures settle at $61.57 ...Middle East

At the session low, prices tested the 200-bar moving average on the 4-hour chart, currently at $61.18—a key technical support level. Just below, additional support is seen at the 100-bar moving average on the same timeframe, which comes in at $60.45.

A break below these levels would tilt the bias further to the downside, while holding above could keep short-term buyers engaged.

This article was written by Greg Michalowski at www.forexlive.com.

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