Crude oil settles at $62.30. What are the chart saying? ...Middle East

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Technically, the price remains between close support and resistance on the daily chart.

On the downside, there are swing lows between $60.45 and $61.94On the topside, the 61.8% retracement of the range since the April low comes in at $63.71. Above that, the 100 day moving average is at $64.31.

Those areas will be the close support and resistance and also breakout levels for traders this week.

This article was written by Greg Michalowski at investinglive.com.

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