Crude oil futures are settling at $59.09. That's up $1.96 or 3.43%.
On the hourly chart, today’s rally stalled at $59.79—just shy of the falling 200-hour moving average at $60.01 and the 50% retracement of the April 23 to May 4 decline at $60.08. A break above both those levels is needed to strengthen the bullish bias.
On the downside, the price is hovering near the broken 38.2% retracement at $58.96. A move back below that level would open the door for further downside probing, with the 100-hour moving average at $58.06 as the next target for sellers.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about crude oil futures settles at 59 09 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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