(Bloomberg) -- Crude oil may tumble toward its 200- day moving average near $65 a barrel in New York after breaking through the bottom of a supporting channel, according to technical analysis by Commerzbank AG.Crude is set to extend this month’s 5.3 percent loss after dropping below an ascending price channel that has buoyed prices this year, the Frankfurt-based bank said in a report yesterday. Breaching this barrier opened the way for a further slide towards a price range between $65.23 and $64.88, it said.
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