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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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