- Crude oil settles at $79.38
- Down -$1.61 or -1.99%
- The high price reached $81.43.
- The low price reached $79.28
There is support near the $79 level. Move below that level and it would open the door for further downside potential. The swing high from July 14 comes in at $77.30 and would be a downside target.
Find support against the $79 level would give buyers more confidence to push back toward the $82.43 – $83.44 swing area.