Crude Oil WTI Technical Analysis: Black Gold at monthly lows trading sub $70.00 a barrel
|- Crude oil is trading in a bear leg below the 200-period simple moving average.
- Crude oil might have found support near $69.00 a barrel. Bulls need a breakout above 70.00 to travel to 70.53 May 24 low.
- On the flip side, a break below 68.00 on a daily closing basis would be seen as a bear trend resumption confirmation.
Rate: 69.53
Relative change: 0.32%
High: 69.81
Low: 68.44
Main Trend: Bearish
Resistance 1: 70.00 figure
Resistance 2: 70.53 May 24 low
Resistance 3: 71.45 September 26 low
Resistance 4: 72.00 figure
Support 1: 69.00 figure
Support 2: 67.92 September 14 low
Support 3: 66.84 September low
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