US crude oil futures settled at $72.57, gaining $0.32 (+0.44%) on the day. Prices ranged between a low of $71.76 and a high of $73.10.
On the hourly chart, today’s low found support near the 200-hour moving average, reinforcing its importance as a key level for buyers in the short term. The 100-hour moving average at $71.59, also serves as a near-term support—staying above it keeps bullish momentum intact.
Key Technical Levels:
Support: $71.76 (200-hour MA), $71.59 (100-hour MA)Resistance: $74.09 (38.2% retracement of January’s decline), $73.62 (February 11 high)A move higher will target the swing high from Feb 11 at $73.62 as the next target. Above that level and the 38.2% at $74.09 would be targeted.
Holding above the 200-hour MA remains crucial for buyers to maintain control.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us crude oil futures settled 72 57 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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