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  • Crude oil bull trend has been in consolidation mode since July, 3.  
  • Crude oil is forming a triangle compression pattern with the 100-period simple moving average crossing above the 200-period simple moving average suggesting a bullish bias. Targets are located near 67.16 and 67.72 levels.  
  • A sustained bear breakout below 64.60 could negate the bullish bias.  

Crude oil WTI 15-minute chart

Spot rate:              66.41
Relative change:    0.87%      
High:                     66.65
Low:                      65.56

Main Trend:          Bullish  

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