Crude oil rose above 71.19 May 23 low then dropped about $1 to now trade below $71.00 a barrel. The bull breakout attempt above 71.00 was met with quite strong selling pressure. If bulls are not quick in resuming the up move, the bears might take over again and try to drive the market below the 70.00 figure next week. Crude oil WTI 15-minute chart Spot rate: 70.66 Relative change: 0.67% High: 71.20 Low: 69.21 Trend: Bearish Resistance 1: 71.19 May 23 low Resistance 2: 72.25 last week’s low Resistance 3: 72.83 June 27 swing high Resistance 4: 72.53 July 5 lowResistance 5: 73.00 figure Support 1: 70.53 May 24 low Support 2: 70.00 figure Support 3: 69.44 June 25 high Support 4: 69.00 figure Support 5: 68.30 demand level 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 EUR/USD Technical Analysis: Strong reversal up sees EUR/USD en route to 1.1700 figure FX Street 5 years Crude oil rose above 71.19 May 23 low then dropped about $1 to now trade below $71.00 a barrel. The bull breakout attempt above 71.00 was met with quite strong selling pressure. If bulls are not quick in resuming the up move, the bears might take over again and try to drive the market below the 70.00 figure next week. Crude oil WTI 15-minute chart Spot rate: 70.66 Relative change: 0.67% High: … 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.
