Crude futures settle at $79.38

<ul><li>Crude oil settles at $79.38</li><li>Down -$1.61 or -1.99%</li><li>The high price reached $81.43.</li><li>The low price reached $79.28</li></ul><p>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.</p><p>Find support against the $79 level would give buyers more confidence to push back toward the $82.43 – $83.44 swing area. </p>

This article was written by Greg Michalowski at www.forexlive.com.