Crude oil futures are settling at $71.92, up $1.58, or 2.25%, as prices continue to recover from the sharp selloff seen earlier this week.Recall that the decline this week pushed crude well below its 200-day moving average on Tuesday, which currently sits at $73.77. That was a bearish tilt. The low reached $69.04 before bouncing to the upsideThe rebound has now brought the falling 100-hour moving average, now at $72.93, back into focus. With prices trading within striking distance of both it and the 200 day MA. Buyers are attempting to regain control.The next hurdle on breaks back above those MA would come in at the 200-hour moving average, currently at $75.05 and still trending lower. A break above the 100-hour and 200-day moving averages, followed by a move through the 200-hour moving average, would represent a meaningful technical shift and tilt the bias back in favor of the buyers. Such a move would likely trigger additional upside momentum.On a successful breakout, traders would look toward the $77.10 to $79.71 resistance zone, with the upper end of that range marking the 38.2% retracement of the decline from the June high to the June low. This article was written by Greg Michalowski at investinglive.com.