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  • Crude oil is jumping 3.32% this Tuesday as bulls are eying the 2018 at $72.83 a barrel. Oil buyers kept the bullish momentum throughout the US session suggesting a strong momentum.  
  • The next resistance is likely seen near the 70.53, May 24 low and 71.19, May 23 low.
  • A pullback would likely find support near 69.44 current Monday’s high and the 69.00 figure.

Crude oil WTI 15-minute chart

Spot rate:                      70.43
Relative change:          3.32%      
High:                             70.61
Low:                              67.70

Trend:                           Bullish

Resistance 1:                70.53 May 24 low
Resistance 2:                71.19 May 23 low  
Resistance 3:                72.00 figure

Support 1:                    69.44 current Monday’s high  
Support 2:                    69.00 figure
Support 3:                    68.30 May 31 high