Crude Oil WTI Technical Analysis: Oil bulls en route towards 67.70 target

• Crude oil main bull trend has been on hold since July 3. 
• Bulls broke above the bearish trendline from August 7 (blue) as well as the triangle compression pattern (red). 
• Target 2 is located in the 67.16-67.72 zone.
• A sustained bear breakout below 66.30 would invalidate the bullish bias 

Crude oil WTI 15-minute chart

Spot rate:              68.89
Relative change:  1.30%     
High:                     66.98
Low:                      65.95

Main Trend:          Bullish  

Resistance 1:       67.16-67.72 June 14 high-June 26 low 
Resistance 2:       67.84 August 14 swing high
Resistance 3:       68.30 supply/demand level

Support 1:            66.30-66.53 area, July 18 swing low and June 20 high
Support 2:            65.71, June 22 low
Support 3:            64.60 May 28 low
Support 4:            64.00 figure
Support 5:            63.63 June 11 low
Support 6:            62.40 June 18 low