Crude Oil WTI Technical Analysis: 68.00 Mission Accomplished - Sell-climax can propel WTI back up to $69.30 a barrel

• Crude oil main bull trend took a breather this week as the market pulled back past $68.00 a barrel down to 67.00.
• Crude oil fell very fast to 67.00 after which bargain-hunter bulls supported the market and lifted it almost back to 68.00 in a few hours creating a sell-climax and a bullish reversal in the process.
• As it stands bulls are working hard in order to retake control of the market and a break above back 68.00 would be seen as another bullish clue which can target 69.30 August 24 high.

Crude oil WTI 480-minute chart

Spot rate:                  67.95
Relative change:      -0.96%     
High:                         68.98
Low:                          66.98

Main Trend:              Bullish 

Resistance 1:      68.00-68.30 zone, figure and supply/demand level
Resistance 2:      69.00 figure.
Resistance 3:      69.30 August 24 high 
Resistance 4:      69.44 June 25 high
Resistance 5:      70.00 figure
Resistance 6:      70.53 May 24 low 

Support 1:       67.84 August 14 swing high
Support 2:       67.16 June 14 high
Support 3:       67.72 June 26 low