US crude oil futures settle at $59.19.

Author: Greg Michalowski | Category: News

Down -$0.10 on the day or -0.17%

The price of crude oil is settling the day down -$0.10 or -0.17% at $59.19/BBL
The high reached $59.73, while the low extended to $58.39.

Technically, the price fell below trend line on the daily chart on Friday and has remained below in trading this week. The 100 day MA at $57.41 and 38.2% of the move up from the June low at $57.26 will be an important support target if tested.  A move below would be more bearish.