Crude oil futures settle at $61.44

Down $.57 or 0.92%

The price of crude oil futures settled at $61.44 that was down $.57 or -0.92%.

The high price today reached $62.04, while the low price traded down to $61.09.

Technically, yesterday the price stalled just ahead of resistance at the $62.58 level (See post HERE). Today the fall stalled just ahead of the 100 hour MA.

So there is a battle with the $62.50 area above, and the 100 hour MA below (at $61.09 and moving higher).