Crude Oil WTI Technical Analysis: Bull breakout above $70.00 a barrel

• Crude oil broke above $70.00 a barrel after it found support at 68.30, key level, last Friday.
• Crude oil is currently having a pullback after the recent strong $1.50 bull move. The 70.00 and 69.44 levels should now act as support.
• Bulls objective is to breakout above 70.53. A breakout above the level can lead to a continuation move towards 73.00 figure in the near-future.

Crude Oil WTI 15-minute chart 

Spot rate:             70.28
Relative change:  1.94%     
High:                    70.41
Low:                     68.77

Trend:                  Bullish

Resistance 1:      70.53 May 24 low 
Resistance 2:      71.19 May 23 low  
Resistance 3:      72.13 July 6 low
Resistance 4:      73.00 figure

Support 1:      70.00 figure   
Support 2:      69.44 June 25 high
Support 3:      69.00 figure
Support 4:      68.30 supply/demand level
Support 5:      67.72 June 26 low
Support 6:      67.16 June 14 high
Support 7:      66.53 June 20 high
Support 8:      65.71, June 22 low
Support 9:      65.00 figure