- Crude oil jumped above the 69.00 resistance this Wednesday and is currently consolidating below the 69.44 resistance as the EIA Crude Oil Stocks change to July 20 came at -6.147 million versus -2.331 million; which is considered as bullish.
- Crude oil has confirmed the bullish bias and bulls are now looking at the 70.53 and 71.19 as next targets. Supports are seen near 69.00 and 68.30 levels.
Crude oil WTI 15-minute chart
Spot rate: 69.25
Relative change: 0.86%
High: 69.67
Low: 68.17
Trend: Bullish
Resistance 1: 69.44 June 25 high
Resistance 2: 70.00 figure
Resistance 3: 70.53 May 24 low
Resistance 4: 71.19 May 23 low
Resistance 5: 72.13 July 6 low
Resistance 6: 73.00 figure
Support 1: 69.00 figure
Support 2: 68.30 supply/demand level
Support 3: 67.72 June 26 low
Support 4: 67.16 June 14 high
Support 5: 66.53 June 20 high
Support 6: 65.71, June 22 low
Support 7: 65.00 figure
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