Crude Oil WTI Technical Analysis: Black Gold under pressure below $67.00 a barrel
|- Crude oil bulls tried to stage a reversal but the attempt was shy without any real strength behind it as crude oil remains under pressure below $67.00 a barrel.
- The bears breakout below 66.30 seems almost inevitable in the coming sessions. Targets to the downside are likely located near the 65.71, June 22 low and 65.00 figure.
Crude oil WTI 480-minute chart
Spot rate: 66.69
Relative change: -0.13%
High: 67.42
Low: 66.49
Main Trend: Bullish
Short-term Trend: Bearish reversal below 66.30
Resistance 1: 67.16 June 14 high
Resistance 2: 67.16 June 14 high
Resistance 3: 67.72 June 26 low
Resistance 4: 68.30 supply/demand level
Resistance 5: 69.00 figure
Resistance 6: 69.44 June 25 high
Resistance 7: 70.00 figure
Resistance 8: 70.53 May 24 low
Resistance 9: 71.19 May 23 low
Resistance 10: 72.13 July 6 low
Resistance 11: 73.00 figure
Support 1: 66.30-66.53 July 18 swing low and June 20 high
Support 2: 65.71, June 22 low
Support 3: 65.00 figure
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.