- Crude oil broke above $70.00 a barrel after it found support at 68.30, key level, last Friday.
- Crude oil is currently having a pullback after the recent strong $1.50 bull move. The 70.00 and 69.44 levels should now act as support.
- Bulls objective is to breakout above 70.53. A breakout above the level can lead to a continuation move towards 73.00 figure in the near-future.
Crude Oil WTI 15-minute chart
Spot rate: 70.28
Relative change: 1.94%
High: 70.41
Low: 68.77
Trend: Bullish
Resistance 1: 70.53 May 24 low
Resistance 2: 71.19 May 23 low
Resistance 3: 72.13 July 6 low
Resistance 4: 73.00 figure
Support 1: 70.00 figure
Support 2: 69.44 June 25 high
Support 3: 69.00 figure
Support 4: 68.30 supply/demand level
Support 5: 67.72 June 26 low
Support 6: 67.16 June 14 high
Support 7: 66.53 June 20 high
Support 8: 65.71, June 22 low
Support 9: 65.00 figure
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