Crude oil futures settle at $60.07 ...Middle East

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Today’s high tested the lower end of a key swing area between $63.61 and $65.29 but failed to break through. Just above that, the 38.2% retracement of the 2025 high-to-low move comes in near $64.92 — another major upside target that bulls need to reclaim to regain firmer control.

For now, sellers remain in charge below that resistance band, while a move above $64.92 would mark a meaningful shift in momentum.

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

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