- Crude oil found support just above the 72.00 figure and rose about $1.50 from the daily lows.
- Crude oil is back into the range of the last five days.
- Oil bulls will try to create a second bull leg up and reclaim the 74.00 level while bears will try to make the breakout to fail and push the market back below 73.00.
Spot rate: 73.42
Relative change: 0.44%
Resistance 1: 74.00 figure
Resistance 2: 74.71 November 17, 2014 low
Resistance 3: 75.27 current 2018 high
Resistance 4: 75.45 November 24, 2014 low
Resistance 5: 76.00 figure
Support 1: 73.25 November 14, 2014 low
Support 2: 73.00 figure
Support 3: 72.83 June 27 swing high
Support 4: 72.00 figure
Support 5: 71.19 May 23 low
Support 6: 70.53 May 24 low
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