The price of June crude oil futures are settling down -$0.13 or -0.21% at $62.56. The high price reached $63.17. The low price was at $62.19.
Looking at the hourly chart, the price on Monday moved back above its 100-hour moving average (the blue line on the chart above), and for most of the trading day, support buyers have been showing up against that moving average line – keeping the buyers in control from a technical perspective.
Going forward, it would take a move back below the 100-hour moving average and 200-hour moving average currently at $61.82, to increase the bearish bias.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about crude oil futures settle at 62 56 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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