Crude oil bulls decided to save the uptrend for the time being by preventing the market from falling below $67.72 a barrel. Crude oil bulls managed to retest 69.00 again but failed to close above it despite an upbeat API data. As the price has not been able to surpass 69.00 for the last four days and at the same time price has been contained by the 67.92 support, the market is forming a trading range and the bullishness has somewhat been eroded. The line in the sand for both sides remain 67.72 and 69.00 with bulls keeping a small advantage in the short-term. Crude oil WTI 15-minute chart Spot rate: 68.68 Relative change: 1.19% High: 69.02 Low: 67.55 Trend: Neutral to Bullish short-term Resistance 1: 69.00 figure Resistance 2: 69.44 June 25 high Resistance 3: 70.00 figure Resistance 4: 70.53 May 24 low Resistance 5: 71.19 May 23 low Resistance 6: 72.13 July 6 lowResistance 7: 73.00 figure Support 1: 68.30 supply/demand level Support 2: 67.72 June 26 low Support 3: 67.16 June 14 high Support 4: 66.53 June 20 high Support 5: 65.71, June 22 low Support 6: 65.00 figure 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 USD/JPY: no policy changes are expected at next week’s BoJ meeting – Scotiabank FX Street 5 years Crude oil bulls decided to save the uptrend for the time being by preventing the market from falling below $67.72 a barrel. Crude oil bulls managed to retest 69.00 again but failed to close above it despite an upbeat API data. As the price has not been able to surpass 69.00 for the last four days and at the same time price has been contained by the 67.92 support, the market is forming a trading range and the bullishness has somewhat been eroded. The line in the sand for both sides remain 67.72 and 69.00 with bulls keeping a… 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.
