Crude oil WTI gained about $2 from the daily low and is now trading around $70.00 a barrel. As discussed in the previous oil update a breakout above $70.00 would give extra confirmation that bulls are indeed in full control of the market. Resistances to the upside are likely located near 70.53 May 24 low, 71.19 May 23 low and 72.13 July 6 low. Supports are seen near 69.44 June 25 high and the 69.00 figure. The bull breakout coincides with a statement from Saudis. Saudis say oil exports to drop by 100K barrels per day in August. Crude oil WTI 15-minute chart Spot rate: 68.89 Relative change: 1.53% High: 70.15 Low: 67.78 Trend: Bullish Resistance 1: 70.00 figure Resistance 2: 70.53 May 24 low Resistance 3: 71.19 May 23 low Resistance 4: 72.13 July 6 low Resistance 5: 73.00 figure Support 1: 69.44 June 25 high Support 2: 69.00 figure Support 3: 68.30 supply/demand level Support 4: 67.72 June 26 low Support 5: 67.16 June 14 high Support 6: 66.53 June 20 high Support 7: 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 Bitcoin Cash Technical Analysis: BCH/USD fails again to sustain upside momentum, bears move in quickly to sell rallies FX Street 5 years Crude oil WTI gained about $2 from the daily low and is now trading around $70.00 a barrel. As discussed in the previous oil update a breakout above $70.00 would give extra confirmation that bulls are indeed in full control of the market. Resistances to the upside are likely located near 70.53 May 24 low, 71.19 May 23 low and 72.13 July 6 low. Supports are seen near 69.44 June 25 high and the 69.00 figure. The bull breakout coincides with a statement from Saudis. Saudis say oil exports to drop by 100K barrels per day in August. Crude oil… 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.
