Crude oil pushed as high as 70.70 so far this Tuesday, just one tick shy from the 70.71 resistance, the November 17, 2014 low. Crude oil has been grinding higher in a wedge shape (dotted line) above the bearish upper trendline in the last three days suggesting that bulls might actually be in a bull trap. However, a bull breakout above 74.71 should lead to bear capitulation and the market can spike to 75.27 the current 2018 high. Crude oil WTI 15-minute chart Spot rate: 74.01 Relative change: 0.03% High: 74.67 Low: 73.78 Trend: Neutral to bearish Resistance 1: 74.71 November 17, 2014 low Resistance 2: 75.27 current 2018 high Resistance 3: 75.45 November 24, 2014 low Resistance 4: 76.00 figure Support 1: 74.00 figure Support 2: 73.25 November 14, 2014 low Support 3: 73.00 figure Support 4: 72.83 June 27 swing high Support 5: 72.00 figure Support 6: 71.19 May 23 low Support 7: 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 Bitcoin Technical Analysis: BTC/USD erases more than $300 on Tuesday, daily RSI turns south below 50 FX Street 3 years Crude oil pushed as high as 70.70 so far this Tuesday, just one tick shy from the 70.71 resistance, the November 17, 2014 low. Crude oil has been grinding higher in a wedge shape (dotted line) above the bearish upper trendline in the last three days suggesting that bulls might actually be in a bull trap. However, a bull breakout above 74.71 should lead to bear capitulation and the market can spike to 75.27 the current 2018 high. Crude oil WTI 15-minute chart Spot rate: 74.01 Relative change:… Top 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.
