Crude oil futures settled at $65.16, down $0.87 on the day.
Earlier this week, the price briefly broke below the falling 100-day moving average (blue line on the chart), but each time, downside momentum faded and daily closes returned above that level—indicating a lack of sustained bearish conviction.
Heading into the new trading week, sellers would need to push and hold the price below the 100-day moving average to increase the bearish bias. A break below the swing area low at $63.61 would further bolster downside momentum and seller confidence.
On the topside, resistance is seen at $66.96, followed by the 200-day moving average at $67.99.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about crude oil settles at 65 16 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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