Crude Oil WTI Technical Analysis: Black Gold falling fast as the market approach $67.00 a barrel

• Crude oil is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.  
• Crude oil bears have been relentless  pushing the barrel of oil below $68.00. The RSI, MACD and Stochastic indicators are all in bearish territories suggesting more losses ahead in the coming sessions.
• The next targets to the downside are seen near  66.84 (September low) and  65.69 (August 13 low).  

Crude oil WTI 4-hour chart

Rate:                        66.97
Relative change:      -3.64%      
High:                        69.62
Low:                         66.93

Main Trend:              Bearish

Resistance 1:           67.92 September 14 low
Resistance 2:           69.00 figure
Resistance 3:           70.00 figure
Resistance 4:           70.53 May 24 low
Resistance 5:           71.45 September 26 low

Support 1:                66.84 September low
Support 2:                65.69 August 13 low
Support 3:                64.40 August low