Crude oil settles at $70.10 | Forexlive

The price of crude oil is settling up $1.35 or 1.96% and $70.10. The high price today reached $70.38 while the low price was at $68.86.

Technically, the price bounced off the 100 hour MA on the dip yesterday. That gave the buyers the go-ahead to push the price higher.

ON the topside, the $70.55 is the next target followed by the 38.2% of the move down from the November high at $71.09.