Crude Oil WTI Technical Analysis: Oil hits new 2018 high at $75.15 a barrel


  • Crude oil keeps pushing higher as it hit a new 2018 high at $75.15 a barrel.
  • The next resistances to the upside are likely located near 74.71 November 17, 2014 low, the 75.00 figure and 75.45 November 24, 2014 low. 
  • Support is seen near the 74.00 figure and 73.25 November 14, 2014 low. 

Crude oil WTI 15-minute chart 

Spot rate:                      75.09
Relative change:           1.54%     
High:                             75.14
Low:                              73.89

Trend:                           Bullish

            
Resistance 1:               74.71 November 17, 2014 low
Resistance 2:               75.00 figure     
Resistance 3:               75.45 November 24, 2014 low
Resistance 4:               76.00 figure

            
Support 1:                    74.00 figure
Support 2:                    73.25 November 14, 2014 low
Support 3:                    73.06, 2018 high
Support 4:                    72.83 June 27 swing high
Support 5:                    72.00 figure        
Support 6:                    71.19 May 23 low       
Support 7:                    70.53 May 24 low    

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

AUD/USD remained bid above 0.6500

AUD/USD remained bid above 0.6500

AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.

AUD/USD News

EUR/USD faces a minor resistance near at 1.0750

EUR/USD faces a minor resistance near at 1.0750

EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.

EUR/USD News

Gold holds around $2,330 after dismal US data

Gold holds around $2,330 after dismal US data

Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.

Gold News

Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options

Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options

Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.

Read more

US economy: slower growth with stronger inflation

US economy: slower growth with stronger inflation

The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.

Read more

Forex MAJORS

Cryptocurrencies

Signatures