- Crude oil has been trading mostly sideways on Monday and is set to end the day near its high close to $74.00 a barrel.
- Crude oil is trading in the upper range of the bear channel. Bulls are expecting a breakout to the upside while bears are expecting the market to be capped at the trendline and 74.00 level.
Spot rate: 74.00
Relative change: 0.19%
High: 74.22
Low: 72.97
Trend: Neutral
Resistance 1: 74.00 figure
Resistance 2: 74.71 November 17, 2014 low
Resistance 3: 75.27 current 2018 high
Resistance 4: 75.45 November 24, 2014 low
Resistance 5: 76.00 figure
Support 1: 73.25 November 14, 2014 low
Support 2: 73.00 figure
Support 3: 72.83 June 27 swing high
Support 4: 72.00 figure
Support 5: 71.19 May 23 low
Support 6: 70.53 May 24 low