- Crude oil main bull trend has been on hold since July 3.
- Bulls broke above the bearish trendline from August 7 (blue) as well as the triangle compression pattern (red).
- Target 2 is located in the 67.16-67.72 zone.
- A sustained bear breakout below 66.30 would invalidate the bullish bias
Spot rate: 68.89
Relative change: 1.30%
High: 66.98
Low: 65.95
Main Trend: Bullish
Resistance 1: 67.16-67.72 June 14 high-June 26 low
Resistance 2: 67.84 August 14 swing high
Resistance 3: 68.30 supply/demand level
Support 1: 66.30-66.53 area, July 18 swing low and June 20 high
Support 2: 65.71, June 22 low
Support 3: 64.60 May 28 low
Support 4: 64.00 figure
Support 5: 63.63 June 11 low
Support 6: 62.40 June 18 low
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