Crude oil technicals
Crude oil futures are settling down $0.28 or -0.39% at $71.20. The high for the day reached $72.10. The low was at $71.03.
Technically, the price remains between its 100 day moving average below at $70.65 and its 200 day moving average above at $72.69. The 50% midpoint of the move down from the 2025 high to the 2025 low comes in at $71.00.
To keep the momentum going, getting above the 200-day moving average and the 50% midpoint would be required. However, I would expect willing sellers against those levels on the first test.