Crude Oil WTI Technical Analysis: Black Gold quietly evolving higher nearing 70.00 a barrel

• Crude oil pushed higher on Thursday as it almost reached the $70.00 a barrel resistance.  
• The bull trend remains in place although pullback down in the 69.44 and 69.00 zone can be expected.  
• Bulls objective is to breakout above 70.00 and target 70.53 and 71.19 to the upside.  

Crude oil WTI 15-minute chart  

Spot rate:             69.49
Relative change:  0.19%      
High:                    69.89
Low:                     68.89

Trend:                  Bullish

Resistance 1:      70.00 figure    
Resistance 2:      70.53 May 24 low  
Resistance 3:      71.19 May 23 low  
Resistance 4:      72.13 July 6 low
Resistance 5:      73.00 figure

Support 1:           69.44 June 25 high
Support 2:           69.00 figure  
Support 3:           68.30 supply/demand level
Support 4:           67.72 June 26 low
Support 5:           67.16 June 14 high
Support 6:           66.53 June 20 high
Support 7:           65.71, June 22 low
Support 8:           65.00 figure