Risk warning: Trading CFDs is risky and can result in the loss of your invested capital. Please ensure that you understand the risks involved and do not invest more than you can afford to lose. Read full Risk Disclosure.
Crude oil is about to end the day virtually unchanged as the market traded between 67.72 support and $68.88 a barrel. As crude oil didn’t manage to breakout above 69.00, it is a sign of weakness for bulls which opens up the possibility of the potential resumption of the bear trend. A breakout above 69.00 could lead to a breakout towards 70.00. Support is the 67.72 level, June 26 low and 67.16 June 14 high. Crude oil WTI 15-minute chartSpot rate: 68.09 Relative change: 0.13% High: 68.88 Low: 67.67
Trend: Bullish above 69.00 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: 67.72 June 26 low Support 2: 67.16 June 14 high Support 3: 66.53 June 20 high Support 4: 65.71, June 22 low