Crude oil was unable to continue the bull rally initiated on Thursday as the market is having a 61.8% Fibonacci retracement from the last bull leg (August 2). Next week bulls will try to push the market above $69.00 a barrel while bears will try to drive the market below the 67.72 support. The market might need to consolidate some more below 69.00, however, the current bullish momentum favors a breakout above 69.00 as long as the market holds 67.72. Crude oil WTI 15-minute chart Spot rate: 68.56 Relative change: 0.52% High: 69.21 Low: 67.90 Trend: Bullish 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 Wall Street ends the week on a positive note as investors ignore trade headlines FX Street 5 years Crude oil was unable to continue the bull rally initiated on Thursday as the market is having a 61.8% Fibonacci retracement from the last bull leg (August 2). Next week bulls will try to push the market above $69.00 a barrel while bears will try to drive the market below the 67.72 support. The market might need to consolidate some more below 69.00, however, the current bullish momentum favors a breakout above 69.00 as long as the market holds 67.72. Crude oil WTI 15-minute chart Spot rate: 68.56 Relative change: 0.52% … 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.
