Crude oil bull trend is trading at levels not seen since late 2014. Crude oil is trading well above its 50, 100 and 200-period simple moving averages (SMA) suggesting strong bullish momentum. However, the last bull leg was rather climactic and the market might be ready for a pullback towards 74.00 and 73.00. On the flip side, a bullish continuation would target 77.83 level (November 21, 2014 high) and 80.00 round figure. Crude oil WTI 4-hour chart Spot rate: 75.11 Relative change: 0.41% High: 75.88 Low: 74.91 Main Trend: Bullish Resistance 1: 75.24 (July high) Resistance 2: 77.00 figure Resistance 3: 77.83 November 21, 2014 high Resistance 4: 80.00 round figure Support 1: 74.00 figure Support 2: 72.00 figure Support 3: 71.45 September 26 low Support 4: 70.53 May 24 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 Fed’s Powell: Gradual interest rate normalization reflects our efforts to balance inevitable risks FX Street 4 years Crude oil bull trend is trading at levels not seen since late 2014. Crude oil is trading well above its 50, 100 and 200-period simple moving averages (SMA) suggesting strong bullish momentum. However, the last bull leg was rather climactic and the market might be ready for a pullback towards 74.00 and 73.00. On the flip side, a bullish continuation would target 77.83 level (November 21, 2014 high) and 80.00 round figure. Crude oil WTI 4-hour chart Spot rate: 75.11 Relative change: 0.41% 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.
