- Crude oil bulls are keeping the bull trend going as they keep the market above 71.00.
- Crude oil is trading above its 50, 100 and 200-period simple moving average suggesting a bullish bias.
- Bulls objective is to break above $73.00 a barrel in order to target 74.00 and 75.24 (July high). A break below 71.45 September 26 low would likely invalidate the bullish bias.
Spot rate: 72.22
Relative change: 0.12%
High: 72.56
Low: 71.69
Main Trend: Bullish
Resistance 1: 72.00 figure
Resistance 3: 73.00 figure
Resistance 4: 75.00 figure
Support 1: 71.45 September 26 low
Support 2: 70.53 May 24 low
Support 2: 70.53 May 24 low
Support 3: 70.00 figure
Support 4: 69.44 June 25 high
Support 5: 69.30 August 24 high
Support 6: 69.00 figure