Crude Oil WTI Technical Analysis: Back to base near $67.80 a barrel

• Crude oil made an attempt to break above $69.00 a barrel for the third time in three days but failure to hold prices above 69.00 was likely to be met with selling pressure.  
• Crude oil bull case has weakened and bears are now getting ready for the next leg down towards 66.53 and possibly beyond.  
• On the flip side, bulls might try to save the uptrend by trying to keep prices above 67.72 to reconquer the 69.00 once again.  

Crude oil WTI 15-minute chart

Spot rate:             67.75
Relative change:  -0.73%      
High:                    69.28
Low:                     67.56

Trend:                  Neutral

Resistance 1:      68.30 supply/demand level
Resistance 2:      69.00 figure  
Resistance 3:      69.44 June 25 high
Resistance 4:      70.00 figure    
Resistance 5:      70.53 May 24 low  
Resistance 6:      71.19 May 23 low  
Resistance 7:      72.13 July 6 low
Resistance 8:      73.00 figure

Support 1:           67.72 June 26 low
Support 2:           67.16 June 14 high
Support 3:           66.53 June 20 high
Support 4:           65.71, June 22 low
Support 5:           65.00 figure