Crude Oil WTI Technical Analysis: Black Gold falling fast as the market approach $67.00 a barrel
|- Crude oil is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
- Crude oil bears have been relentless pushing the barrel of oil below $68.00. The RSI, MACD and Stochastic indicators are all in bearish territories suggesting more losses ahead in the coming sessions.
- The next targets to the downside are seen near 66.84 (September low) and 65.69 (August 13 low).
Crude oil WTI 4-hour chart
Rate: 66.97
Relative change: -3.64%
High: 69.62
Low: 66.93
Main Trend: Bearish
Resistance 1: 67.92 September 14 low
Resistance 2: 69.00 figure
Resistance 3: 70.00 figure
Resistance 4: 70.53 May 24 low
Resistance 5: 71.45 September 26 low
Support 1: 66.84 September low
Support 2: 65.69 August 13 low
Support 3: 64.40 August low
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