Crude oil is trading in a bull trend but the head-and-shoulders pattern is giving bulls a hard time to continue to advance for the time being. Crude oil retreated to the 73.00 figure and 100-period simple moving average where it is having a small bounce as the down move seems exhausted for Wednesday. However, oil is set to remain under pressure below 75.19 October 5 high (the right shoulder). Supports to the downside can be located near 72.00 figure, 71.45 (September 26 low) and 70.00 figure. Crude oil WTI 4-hour chart Rate: 73.28 Relative change: -1.82% High: 75.06 Low: 73.11 Main Trend: Bullish Resistance 1: 74.00 figure Resistance 2: 75.19 October 5 high Resistance 3: 75.88 intraday swing high Resistance 4: 76.00 figure Resistance 5: 77.00 figure Resistance 6: 77.83 November 21, 2014 high Resistance 7: 80.00 round figure Support 1: 74.00 figure Support 2: 73.00 figure Support 3: 72.00 figure Support 4: 71.45 September 26 low Support 5: 70.53 May 24 low 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 Monero Technical Analysis: XMR/USD remains summoned to the range of death, expert calls price at just $100 by November FX Street 4 years Crude oil is trading in a bull trend but the head-and-shoulders pattern is giving bulls a hard time to continue to advance for the time being. Crude oil retreated to the 73.00 figure and 100-period simple moving average where it is having a small bounce as the down move seems exhausted for Wednesday. However, oil is set to remain under pressure below 75.19 October 5 high (the right shoulder). Supports to the downside can be located near 72.00 figure, 71.45 (September 26 low) and 70.00 figure. Crude oil WTI 4-hour chart Rate: … 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.
