Crude Oil WTI Technical Analysis: Black Gold capped by the 70.00 figure
|- Crude oil is trading in a bear trend below its 200-period simple moving average on the 4-hour chart.
- Crude oil bears are keeping the market below the 70.00 figure while the RSI, MACD and Stochastic indicators are still in bearish territories.
- A break above 70.00 can potentially open the doors to more gains to 70.53 May 24 low.
Crude oil WTI 4-hour chart
Rate: 69.17
Relative change: 0.56%
High: 69.75
Low: 68.53
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
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.