Crude oil futures are settling up $1.22 or 1.93% at $64.52.
Looking at the daily chart above, the price rise at the end of the day has taken the price back above its 100-day moving average at $64.32. Getting and staying above that moving average tilts the bias more positive.
The price still remains below the 50% of the range since the April low at $66.36. The price is also below the falling 200-day moving average at $67.01. Getting above both those levels would add more bullishness to oil from a technical perspective.
