WTI crude oil settles down $0.53 at $80.12

<p>The price of crude oil futures is settling down $0.53 at $80.12. </p><p>The high price for the day reached $81.75. The low price is now extending to new session lows in post-settlement trading at $79.97. </p><p>Technically, the high price moved up toward its 200-hour moving average currently at $81.78. The price over the last few hours has moved back below its 100-hour moving average at $80.41 tilting the bias more to the downside.</p><p>For a technical look at crude oil from earlier today, click on the video below:</p>

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