Crude oil is settling the day at $78.68 on the day. That is down $-1.36 or -1.70%.
Looking at the daily chart, the low price held above the 38.2% retracement of the range since the September 2023 high. On the top side the 50% midpoint of that same move comes in at $80.15. In trading yesterday the price moved above that level but could not sustain momentum.
This article was written by Greg Michalowski at www.forexlive.com.
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