Crude Oil Technical Analysis: Oil finds resistance below $70.00 a barrel

• Crude oil found resistance just below $70.00 a barrel and the market dropped about $1 to the current price near 68.90. 
• Bulls need to keep the market supported above 67.72 if they want to keep the momentum going. Ideally, they should clear 70.00 and 70.53 in order to create higher highs otherwise the market is going to transition in trading range mode with 67.72 and 67.00 as main supports.  

Crude oil 15-minute chart

Spot rate:             68.85
Relative change:  0.47%     
High:                    69.89
Low:                     68.47

Trend:                  Bullish

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