Technical Analysis

Crude oil futures settle at $61.70.

Down $.42 or -0.68%

The price of crude oil futures are settling the day at $61.71.

That is down -$.42 or -0.68%. The low for the day reached $60.92, while behind extended to $62.21.

At the lows, the contract moved below its 50 day moving average at $61.10, but stayed above its 200 day moving average at $60.81.  The pair has close above its 200 day moving average cents April 2.

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