Crude Oil WTI Technical Analysis: Black Gold under pressure just below $69.00 a barrel

• Crude oil momentum is currently bearish as it is trading below its 200-period simple moving average.
• Bears are trying to close the day below $69.00 a barrel. The 50-period simple moving average crossed below the 100 SMA confirming the bearish bias. The RSI, MACD and Stochastic indicators are in bearish territories.
• Targets to the downside can be located near 67.92 September 14 low and 66.84 September low.

Crude oil WTI 4-hour chart

Rate:                        68.80
Relative change:     -1.56%     
High:                        69.98
Low:                         68.45

Main Trend:              Bearish

Resistance 1:           70.00 figure
Resistance 2:           70.53 May 24 low
Resistance 3:           71.45 September 26 low
Resistance 4:           72.00 figure

Support 1:                69.00 figure
Support 2:                67.92 September 14 low
Support 3:                66.84 September low