Crude oil reached almost a daily high of $69.00 on the CL 09-18 Futures contract as bulls reached the upper range of the bear channel. Bulls will try to breakout above the channel pushing through 68.30 and 69.00 while bears will try to drive the market down below 67.72 and 67.16. Bulls have been quite active in the last two days but they need a clear breakout above 68.30-69.00 in order to officially call the resumption of the bull trend. Failure to breakout above 69.00 would be seen as a sign of bullish weakness and would likely be met with strong selling. Crude oil WTI 15-minute chart Spot rate: 67.98 Relative change: 0.80% High: 68.80 Low: 66.62 Trend: Bullish Resistance 1: 68.30 supply/demand level Resistance 2: 69.00 figure Resistance 3: 69.44 June 25 high Resistance 4: 70.00 figure Resistance 5: 70.53 May 24 low Resistance 6: 71.19 May 23 low Resistance 7: 72.13 July 6 low Resistance 8: 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 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 closes in red on risk-aversion and dismal earnings FX Street 5 years Crude oil reached almost a daily high of $69.00 on the CL 09-18 Futures contract as bulls reached the upper range of the bear channel. Bulls will try to breakout above the channel pushing through 68.30 and 69.00 while bears will try to drive the market down below 67.72 and 67.16. Bulls have been quite active in the last two days but they need a clear breakout above 68.30-69.00 in order to officially call the resumption of the bull trend. Failure to breakout above 69.00 would be seen as a sign of bullish weakness and would likely be… 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.
