The bear flag breakdown seen in the hourly chart indicates a resumption of the sell-off from the recent high of $79.48 and could yield a re-test of the recent low of $71.18. The bearish pattern also indicates the oil prices will likely close today below $72.50 (previous day’s doji candle low), confirming a bearish doji continuation pattern. Hourly chart Current Price: $72.83 Daily High: $73.03 Daily Low: $72.67 Trend: Bearish Resistance R1: $73.76 (July 19 high) R2: $74.47 (previous day’s high) R3: $74.76 (100-day MA) Support S1: $72.50 (previous day’s low) S2: $71.18 (July 18 low) S3: $70.49 (50-day moving average) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Volatility hit three-month low, eyes range breakout FX Street 5 years The bear flag breakdown seen in the hourly chart indicates a resumption of the sell-off from the recent high of $79.48 and could yield a re-test of the recent low of $71.18. The bearish pattern also indicates the oil prices will likely close today below $72.50 (previous day's doji candle low), confirming a bearish doji continuation pattern. Hourly chart Current Price: $72.83 Daily High: $73.03 Daily Low: $72.67 Trend: Bearish Resistance R1: $73.76 (July 19 high) R2: $74.47 (previous day's high) R3: $74.76 (100-day MA) Support S1: $72.50 (previous day's low) S2: $71.18 (July 18 low) S3: $70.49 (50-day moving… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
