Crude oil futures settle at $58.88. Down $1.20 or -2.0%.
The excessive worth reached $60.30. The low worth was at $58.68.
Technically, the ups and downs proceed. The value rallied to a newer cycle excessive close to $60.50 on Friday. However right this moment the worth rotated to the draw back falling again beneath the 100 hour transferring at $59.40, after which the 200 hour transferring common at $59.08.
The subsequent goal comes between $58.27 and $58.49. Beneath that and merchants will look towards the November lows between $57.10 and $57.39.
