- Oil is trading near the bottom of the range of the last four days still unable to break below the 0.7300 figure as the EIA: Commercial crude oil inventories increased by 1.2 million barrels from previous week.
- Bears need a convincing break below 73.00 to claim a reversal down.
Crude oil WTI: 15-minute chart
Spot rate: 73.39
Relative change: -1.03%
High: 74.78
Low: 72.86
Trend: Bullish
Resistance 1: 73.25 November 14, 2014 low
Resistance 2: 74.00 figure
Resistance 3: 74.71 November 17, 2014 low
Resistance 4: 75.27 current 2018 high
Resistance 5: 75.45 November 24, 2014 low
Resistance 6: 76.00 figure
Support 1: 73.00 figure
Support 2: 72.83 June 27 swing high
Support 3: 72.00 figure
Support 4: 71.19 May 23 low
Support 5: 70.53 May 24 low