Crude Oil WTI Technical Analysis: Black Gold at monthly lows trading sub $70.00 a barrel

• Crude oil is trading in a bear leg below the 200-period simple moving average.  
• Crude oil might have found support near $69.00 a barrel. Bulls need a breakout above 70.00 to travel to 70.53 May 24 low.
• On the flip side, a break below 68.00 on a daily closing basis would be seen as a  bear trend resumption confirmation.  

Crude oil WTI 4-hour chart

Rate:                        69.53
Relative change:      0.32%      
High:                        69.81
Low:                         68.44

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