Crude oil is about to close the day printing a loss of about 4.66% which is not seen since mid-June. The crude oil sell-off was climactic and broke below the lower trendline of the bear channel as it reached $69.98 a barrel. It might be reasonable to expect some profit-taking and a pullback up in the 71.19-72.00 region. However, the bear momentum is strong and a strong breakout below 70.00 would see a continuation of the bear trend towards 69.44 June 25 high and 69.00 figure. Crude oil WTI 15-minute chart Spot rate: 70.56 Relative change: -4.66% High: 74.24 Low: 69.98 Trend: Bearish Resistance 1: 71.19 May 23 low Resistance 2: 72.25 last week’s low Resistance 3: 72.83 June 27 swing high Resistance 4: 72.53 July 5 low Resistance 5: 73.00 figure Support 1: 70.53 May 24 low Support 2: 70.00 figure Support 3: 69.44 June 25 high Support 4: 69.00 figure Support 5: 68.30 demand level 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 Equities sliding in response to the Trump administration’s planned tariffs – Westpac FX Street 3 years Crude oil is about to close the day printing a loss of about 4.66% which is not seen since mid-June. The crude oil sell-off was climactic and broke below the lower trendline of the bear channel as it reached $69.98 a barrel. It might be reasonable to expect some profit-taking and a pullback up in the 71.19-72.00 region. However, the bear momentum is strong and a strong breakout below 70.00 would see a continuation of the bear trend towards 69.44 June 25 high and 69.00 figure. Crude oil WTI 15-minute chart Spot rate: … Top 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.
