Crude Oil WTI Technical Analysis: Black Gold bulls are back and getting ready to target $73.00 a barrel
|- Crude Oil WTI is in a bull trend above the 200-period simple moving average.
- Crude oil bulls came back this Tuesday and broke above the 72.00 handle. The correction seems to be over and a breakout to 73.00 is likely on the cards for bulls.
- A bear breakout below 70.00 on a daily closing basis would invalidate the bullish bias.
Rate: 72.15
Relative change: 0.70%
High: 72.25
Low: 71.00
Main Trend: Bullish
Resistance 1: 73.00 figure
Resistance 2: 74.00 figure
Resistance 3: 75.19 October 5 high
Support 1: 72.00 figure
Support 2: 71.45 September 26 low
Support 3: 70.53 May 24 low
Support 4: 70.00 figure
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