Crude oil futures are settling at $64.80 up $1.14 or 1.79%. The high for the day reached $65.10. The low was at $63.53.
On the daily chart, the price has moved back above its 100-day moving average at $64.29, giving buyers a short-term edge. The market is now testing a swing area between $63.61 and $65.27 (see red circles on the chart). A sustained break above this zone would shift focus toward the 200-day moving average at $67.46, with interim resistance near $67.00.
That said, the pair has seen choppy trading around both the 100- and 200-day MAs in recent years, with repeated breaks in both directions. Overall the highs are lower as are the lows suggesting more of a downward bias. However there are fits of spikes to the upside as well.
For now, however, as long as the price holds above the 100-day average, the near-term bias tilts in favor of buyers, keeping upside targets in play.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about crude oil futures settle at 64 80 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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