Crude oil WTI: Bulls in the starting blocks ready for a breakout past $67.00 a barrel

• Crude oil bull trend has been retracing since July 3.  
• Crude oil formed a triangle compression pattern with the 100-period simple moving average crossing above the 200-period simple moving average suggesting a bullish bias. Bulls are starting to break the triangle to the upside. Target 1 is located in the 66.30-66.53 zone  and target 2 in the 67.16-67.72 area.
• A sustained bear breakout below 64.60 would negate the bullish bias.  

Crude oil WTI 15-minute chart

Spot rate:              65.65
Relative change:  0.29%      
High:                     65.67
Low:                      65.28

Main Trend:          Bullish  

Resistance 1:       65.71, June 22 low
Resistance 2:       66.30-66.53 July 18 swing low and June 20 high
Resistance 3:       67.16 June 14 high
Resistance 4:       67.72-67.84 June 26 low and August 14 high

Support 1:            64.60 May 28 low
Support 2:            64.00 figure
Support 3:            63.63 June 11 low
Support 4:            62.40 June 18 low