Crude Oil WTI Technical Analysis: Black Gold capped by the 70.00 figure

• Crude oil is trading in a bear trend below its 200-period simple moving average on the 4-hour chart.  
• Crude oil bears are keeping the market below the 70.00 figure while the RSI, MACD and Stochastic indicators are still in bearish territories.  
• A break above 70.00 can potentially open the doors to more gains to 70.53 May 24 low.

Crude oil WTI 4-hour chart  

Rate:                        69.17
Relative change:       0.56%      
High:                        69.75
Low:                         68.53

Main Trend:              Bearish

Resistance 1:           70.00 figure
Resistance 2:           70.53 May 24 low
Resistance 3:           71.45 September 26 low
Resistance 4:           72.00 figure

Support 1:                69.00 figure
Support 2:                67.92 September 14 low
Support 3:                66.84 September low