Crude oil WTI Technical Analysis: Bulls lift the market to the 66.00 key resistance

• Oil bulls created a double bottom near the 64.12-63.72 demand zone and are currently testing the 66.00 level.
• Since 66.00 is an important support/resistance level a breakout above it can open the gates to further gains towards 68.30 key supply level.  
• A failure to break above 66.00 can drive the market back to a retest of the current Thursday’s low at 64.81.  

Crude oil WTI 15-minute chart

Spot rate:                        65.70
Relative change:              0.84%      
High:                              66.05
Low:                               64.79

Trend:                              Bullish

Support 1:                    64.84 current Thursday’s low
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