- 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
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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
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