Crude Oil WTI Technical Analysis: Confusion prevails – $69.00 a barrel seems hard to get

• Crude oil bulls decided to save the uptrend for the time being by preventing the market from falling below $67.72 a barrel. Crude oil bulls managed to retest 69.00 again but failed to close above it despite an upbeat API data.
• As the price has not been able to surpass 69.00 for the last four days and at the same time price has been contained by the 67.92 support, the market is forming a trading range and the bullishness has somewhat been eroded.  
• The line in the sand for both sides remain 67.72 and 69.00 with bulls keeping a small advantage  in the short-term.

Crude oil WTI 15-minute chart  

Spot rate:             68.68
Relative change:   1.19%      
High:                    69.02
Low:                     67.55

Trend:                  Neutral to Bullish short-term

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

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