Crude oil WTI Technical Analysis: Black Gold bulls challenging 5-day high as they break above $66.00 a barrel


Crude oil WTI 15-minute chart


Spot rate:                      66.06
Relative change:           0.85%     
High:                             66.10
Low:                              64.83

Trend:                           Bullish

Support 1:                    65.00 figure
Support 2:                    64.12-63.72 demand zone
Support 3:                    62.25 March 16 close    

Resistance 1:               66.00 key resistance 
Resistance 2:               66.56 May 31 low
Resistance 3:               68.30 key supply level

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 securities. 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 Forex 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.

Copyright

© FXstreet

USD/CAD retreats, drops back below 1.3000
UK PM May: Clear there was some debate & disagreem...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Friday, 24 May 2019
 
     
 
     
 

Latest Spot Rate

 
24 May 2019
Composite PMI slumps to three-year low in MayFurther signs of manufacturing weakness spreading toservicesSmallest jobs gains for over two yearsPrice pressures fall sharplyEarnings under greatest stress since 2009Growth of US business activity slowed ...
24 May 2019
Question phrasing can be key to explaining surveydivergencesCBI survey seen to lag PMI as surveys differ in monitoringlevels and flowsSubjective gauges can be an additional source of variation intime seriesDifferences in survey methodology can cause ...
24 May 2019
EU electionsUS second quarter GDPSouth Korea policy rate, India GDP and Japan's manufacturingperformancePolitics will likely once again take centre stage as the marketsdigest the results and implications of European parliamentaryelections. Trade wars...
24 May 2019
Stocks opened higher on Friday after President Donald Trump said the ongoing trade war could be over quickly, but equities were still on pace to close lower for the week.The Dow Jones Industrial Average rose 150 points while the S&P 500 gained 0....
24 May 2019
The British pound strengthened broadly against its rivals on Friday as U.K. Prime Minister Theresa May announced her resignation, after her deals to usher Britain out of the European Union failed and she lost the confidence of her political inner cir...
How It Works | About | Contact | Privacy Policy | Forex Marketing
© 2009 - 2019 Forex Forum. All Rights Reserved. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. 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.