Despite the huge build with the EIA Crude Oil Stocks change report to July 13, crude oil bulls managed to stage a rally. EIA: Commercial crude oil inventories increased by 5.8 million barrels from previous week. While bulls are not totally out of the woods just yet, today is the best daily close seen in about a month. Oil also rejected the daily 100-period simple moving average. Bulls have displayed some strength and a breakout above $70.00 should clear any doubts that bulls are in full control. Supports are seen near 68.30 and 67.72. Crude oil WTI 15-minute chart Spot rate: 68.96 Relative change: 1.79% High: 69.03 Low: 67.03 Trend: Neutral to bullish Resistance 1: 69.00 figure Resistance 2: 69.44 June 25 high Resistance 3: 70.00 figure Resistance 4: 70.53 May 24 low Support 1: 68.30 supply/demand level Support 2: 67.72 June 26 low Support 3: 67.16 June 14 high Support 4: 66.53 June 20 high Support 5: 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 Aussie jobs snapshot preview: seasonals are supportive – TDS FX Street 5 years Despite the huge build with the EIA Crude Oil Stocks change report to July 13, crude oil bulls managed to stage a rally. EIA: Commercial crude oil inventories increased by 5.8 million barrels from previous week. While bulls are not totally out of the woods just yet, today is the best daily close seen in about a month. Oil also rejected the daily 100-period simple moving average. Bulls have displayed some strength and a breakout above $70.00 should clear any doubts that bulls are in full control. Supports are seen near 68.30 and 67.72. Crude oil WTI 15-minute chart… 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.
