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  • Crude oil broke below 66.30 July 18 swing low and a multi-month bullish trendline as bears are challenging the main bull trend.  
  • Since 66.30 is a key level, the 65.71-66.30  become a selling area to potentially initiate new short positions. Targets to the downside are located near 64.60 and 64.00 figure.  
  • A sustained breakout above 66.30 would invalidate the bearish trade.

Crude oil WTI 15-minute chart

Spot rate:              66.63
Relative change:  -2.77%      
High:                     66.90
Low:                      64.51

Main Trend:          Bullish  

Resistance 1:       65.00 figure
Resistance 2:       65.71, June 22 low
Resistance 3:       66.30-66.53 July 18 swing low and June 20 high
Resistance 4:       67.16 June 14 high
Resistance 5:       67.72 June 26 low
Resistance 6:       67.95 swing high

Support 1:       64.60 May 28 low
Support 2:       64.00 figure
Support 3:       63.63 June 11 low
Support 4:       62.40 June 18 low