Crude Oil WTI Technical Analysis: Black Gold falls $2 from fresh 2018 high

• Crude oil lost more than $2 after reaching a daily high at $75.27  a barrel this Tuesday.
• Crude oil broke below the bullish channel but is currently supported near the 73.25 level, the November 14, 2014 low and the 73.00 level.
• A bear breakout below the 73.00 figure can lead to a move towards the 72.00 level.

Crude Oil WTI 15-minute chart

Spot rate:                      73.07
Relative change:            -1.19%      
High:                             75.27
Low:                              72.84

Trend:                           Bullish / bear reversal attempt

             
Resistance 1:               74.00 figure
Resistance 2:               74.71 November 17, 2014 low
Resistance 3:               75.00 figure      
Resistance 4:               75.45 November 24, 2014 low
Resistance 5:               76.00 figure

Support 1:                    73.25 November 14, 2014 low
Support 2:                    73.00 figure
Support 3:                    72.83 June 27 swing high
Support 4:                    72.00 figure        
Support 5:                    71.19 May 23 low        
Support 6:                    70.53 May 24 low