Crude oil traded inside the range of the last three days on Wednesday and it managed to end the day above the 74.00 figure. Crude oil is currently being supported as it trading near the 2018 highs, however, the market is currently undecided as to whether to resume the bull trend or initiating a pullback, reflected in the current trading range of the last three days. A strong bear breakout below the 73.00 figure might trigger a pullback while a breakout above 75.27 current 2018 high can see a resumption of the bull trend. Crude Oil WTI 15-minute chart Spot rate: 74.31 Relative change: -0.34% High: 74.93 Low: 73.47 Trend: Bullish Resistance 1: 74.71 November 17, 2014 low Resistance 2: 75.27 current 2018 high Resistance 3: 75.45 November 24, 2014 low Resistance 4: 76.00 figure Support 1: 74.00 figure Support 2: 73.25 November 14, 2014 low Support 3: 73.00 figure Support 4: 72.83 June 27 swing high Support 5: 72.00 figure Support 6: 71.19 May 23 low Support 7: 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 AUD/USD Technical Analysis: Aussie finds resistance at 0.7400 after head-and-shoulder formation FX Street 3 years Crude oil traded inside the range of the last three days on Wednesday and it managed to end the day above the 74.00 figure. Crude oil is currently being supported as it trading near the 2018 highs, however, the market is currently undecided as to whether to resume the bull trend or initiating a pullback, reflected in the current trading range of the last three days. A strong bear breakout below the 73.00 figure might trigger a pullback while a breakout above 75.27 current 2018 high can see a resumption of the bull trend. Crude Oil WTI 15-minute… 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.
