- Crude oil lost more than $2 after reaching a daily high at $75.27 a barrel this Tuesday.
- Crude oil broke below the bullish channel but is currently supported near the 73.25 level, the November 14, 2014 low and the 73.00 level.
- A bear breakout below the 73.00 figure can lead to a move towards the 72.00 level.
Spot rate: 73.07
Relative change: -1.19%
High: 75.27
Low: 72.84
Trend: Bullish / bear reversal attempt
Resistance 1: 74.00 figure
Resistance 2: 74.71 November 17, 2014 low
Resistance 3: 75.00 figure
Resistance 4: 75.45 November 24, 2014 low
Resistance 5: 76.00 figure
Support 1: 73.25 November 14, 2014 low
Support 2: 73.00 figure
Support 3: 72.83 June 27 swing high
Support 4: 72.00 figure
Support 5: 71.19 May 23 low
Support 6: 70.53 May 24 low
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