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

• Oil bulls found support at the 65.00 figure on Monday and are currently trading above the 66.00 mark.
• WTI is trading above its daily 100-period simple moving average as bulls are trying to create a base from which they could target the 68.30 key supply level.
• United Arab Emirates OilMin: US hasn’t asked to boost oil production. For more details click here.

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