Crude oil extended the bear trend by almost 4% this Monday as the pullback up above 71.00 last Friday was fairly weak and was possibly indicative of lower prices. Crude oil is now consolidating the strong move lower at around $68.00 a barrel. The pullback up might extend to 69.00-69.44 area. However, since the bear trend is so steep pullbacks might be very shallow. Targets to the downside can be located near 66.53, June 20 high and 65.71, June 22 low. Crude oil WTI 15-minute chart Spot rate: 68.00 Relative change: 3.86% High: 70.84 Low: 67.56 Trend: Bearish Resistance 1: 68.30 demand level Resistance 2: 69.00 figure Resistance 3: 69.44 June 25 high Resistance 4: 70.00 figure Resistance 5: 70.53 May 24 low Support 1: 67.72 June 26 low Support 2: 67.16 June 14 high Support 3: 66.53 June 20 high Support 4: 65.71, June 22 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 Wall Street ends mixed as drop in energy counters gains in financials FX Street 5 years Crude oil extended the bear trend by almost 4% this Monday as the pullback up above 71.00 last Friday was fairly weak and was possibly indicative of lower prices. Crude oil is now consolidating the strong move lower at around $68.00 a barrel. The pullback up might extend to 69.00-69.44 area. However, since the bear trend is so steep pullbacks might be very shallow. Targets to the downside can be located near 66.53, June 20 high and 65.71, June 22 low. Crude oil WTI 15-minute chart Spot rate: 68.00 Relative change: … 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.
