Crude oil futures continue the consolidation since breaking higher on Tuesday trade
The price of crude oil settled at $78.95, down $0.65 . Trading was relatively contained, with a low of $78.58 and a high of $80.87, as the market continued to consolidate after Tuesday's breakout to the topside.That breakout was technically significant, with the price pushing above both the 38.2% retracement of the decline from the June 3 high at $78.48 and a downward-sloping trend line near the same level.
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