Crude oil futures settle at $64.71

Technical Analysis

Author: Greg Michalowski | crude-oil

WTI crude oil settles at $64.71. Down $0.92 or -1.4%

The price of WTI crude oil futures are settling down $0.92 or 1.4% at $64.71. The pair is closing just below its 100 hour moving average currently at $64.94. Stay below the 100 hour moving average would keep the bears more in control.

The high for the day reached $65.98. The low extended to $64.50

WTI crude oil settles at $64.71. Down $0.92 or -1.4%_

The next target comes in at the 38.2% retracement of the move up from the April 22 low at $64.41. The rising 200 hour moving average is below that at $64.09. The price has not traded below the 200 hour moving average since April 27. 
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