Crude Oil WTI Technical Analysis: Black Gold at October lows rebounding at $66.00 a barrel

• Crude oil is trading in a bear trend below the 200-period simple moving average (SMA) on the 4-hour chart.
• Crude oil is now ranging between the 66.00 and 68.00 level. A break of the 68.00 figure might lead to a reversal up to 69.00. However, technical indicators have still to gather some bullish traction for this to happen.  
• On the flip side, a bear breakout below 66.00 on a daily closing basis would likely see the resumption of the bear trend.  

Crude oil WTI 4-hour chart  

Rate:                        67.24
Relative change:       1.25%      
High:                        67.62
Low:                         65.97

Main Trend:              Bearish

Resistance 1:           67.92 September 14 low
Resistance 2:           69.00 figure
Resistance 3:           70.00 figure
Resistance 4:           70.53 May 24 low
Resistance 5:           71.45 September 26 low

Support 1:                66.84 September low
Support 2:                65.69 August 13 low
Support 3:                64.40 August low