US crude oil futures settle at $60.12/BBL

Technical Analysis

Author: Greg Michalowski | crude-oil

Down-$1.03 or -1.68% on the day

The price of crude oil futures are closing down -$1.03 or -1.68% at $60.12. 

The high reached $61.40
The low reached $59.95

Technically, the price fell below the 100 hour MA yesterday and today fell briefly below the lows from last week at  $60.13.  The contract is closing right around that low.