{"id":433072,"date":"2026-07-02T02:04:41","date_gmt":"2026-07-01T19:04:41","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-settle-at-68-58-lowest-settle-going-back-to-the-start-of-the-iran-war-433072\/"},"modified":"2026-07-02T02:04:41","modified_gmt":"2026-07-01T19:04:41","slug":"crude-oil-futures-settle-at-68-58-lowest-settle-going-back-to-the-start-of-the-iran-war","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-settle-at-68-58-lowest-settle-going-back-to-the-start-of-the-iran-war-433072\/","title":{"rendered":"Crude oil futures settle at $68.58.Lowest settle going back to the start of the Iran War."},"content":{"rendered":"<div>\n<p class=\"isSelectedEnd\">Crude oil futures are settling at $68.58, down $0.92 (-1.32%) on the day. The session low reached $68.03, while the high topped out at $70.19.<\/p>\n<p class=\"isSelectedEnd\">Today&#8217;s decline established a new cycle low, taking prices to their weakest level since February 27, the day before the Iran conflict began. For reference, crude settled at $67.28 on that day, highlighting how the geopolitical risk premium has largely evaporated.<\/p>\n<p class=\"isSelectedEnd\">From a technical perspective, the sellers remain firmly in control. To shift the short-term bias, buyers first need to reclaim the 100-hour moving average at $70.04, followed by the 200-hour moving average at $71.65. A sustained move above those levels would be the first sign that downside momentum is fading.<\/p>\n<p>Even then, the buyers would still face another important hurdle. The 200-day moving average at $73.91 remains a key longer-term resistance level. Until the price can break and hold above these technical barriers, rallies are likely to be viewed as selling opportunities, leaving the sellers firmly in control.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil futures are settling at $68.58, down $0.92 (-1.32%) on the day. The session low reached $68.03, while the high topped out at $70.19. Today&#8217;s decline established a new cycle low,&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433072","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433072"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433072\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}