The June contract settled lower by $0.32 at $63.14
Technically, the price is trading between the 50% and the 61.8% of the move down from the March cycle high. Those levels comes in at $63.87 to $62.61.
For the week, the price closed last Friday at $59.32. The high this week reached $63.88 today. at $63.13, the gain is $3.81 or 6.4%.
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