Crude Oil WTI Technical Analysis: Triangle compression can drive WTI to $67.70 a barrel

• 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