Crude oil is consolidating the strong bear sell-off seen on Monday. The market found support near 67.16, June 14 high and bulls tried to push oil above 68.30, supply/demand level. As bulls are about to close the day near its high the consolidation phase seems not to be over just yet and another attempt above 68.30 can send oil to a test of the 69.00 figure or 69.44 near July 12 low. On the flip side, failure to contain prices above 67.16 can open the gates to 66.53 and 65.71 support levels. Crude oil WTI 15-minute chart Spot rate: 68.00 Relative change: 0.12% High: 68.41 Low: 67.03 Trend: Bearish / bullish correction Resistance 1: 68.30 supply/demand level Resistance 2: 69.00 figure Resistance 3: 69.44 June 25 high Resistance 4: 70.00 figure Resistance 5: 70.53 May 24 low Support 1: 67.72 June 26 low Support 2: 67.16 June 14 high Support 3: 66.53 June 20 high Support 4: 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 Asia open: Powell’s testimony offered little direction to markets – TDS FX Street 5 years Crude oil is consolidating the strong bear sell-off seen on Monday. The market found support near 67.16, June 14 high and bulls tried to push oil above 68.30, supply/demand level. As bulls are about to close the day near its high the consolidation phase seems not to be over just yet and another attempt above 68.30 can send oil to a test of the 69.00 figure or 69.44 near July 12 low. On the flip side, failure to contain prices above 67.16 can open the gates to 66.53 and 65.71 support levels. Crude oil WTI 15-minute chart Spot… 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.
