Crude oil futures settle at $62.56 | Forexlive

The worth of June crude oil futures are settling down -$0.13 or -0.21% at $62.56. The excessive worth reached $63.17. The low worth was at $62.19.

Looking on the hourly chart, the value on Monday moved again above its 100-hour shifting common (the blue line on the chart above), and for many of the buying and selling day, assist patrons have been displaying up in opposition to that shifting common line – retaining the patrons in management from a technical perspective.

Going ahead, it might take a transfer again beneath the 100-hour shifting common and 200-hour shifting common at the moment at $61.82, to extend the bearish bias.