Crude Oil WTI Technical Analysis: Too far too fast can send oil back to $67.00 a barrel

• Crude oil bulls showed on Friday that the main bull trend is still alive despite the deep pullback since early July.
• Oil has made three pushes up (after the red triangle) and the market might be ripe for a pullback down as WTI is finding some resistance at the 69.00 figure and the 50 and 100-period simple moving averages on the daily chart. 
• If oil breaks below 68.30, targets to the downside are located at 67.16 and 66.53 swing points. A bull failure on a retest of 69.00 figure can be a short opportunity as well for a near-term revesral down.

Crude oil WTI 15-minute chart

Spot rate:             69.60
Relative change:  1.12%     
High:                     69.28
Low:                      67.76

Main Trend:          Bullish  
Short-term trend:  Bearish below 68.30 or a failure above 69.00

Resistance 1:       69.00 figure
Resistance 2:       69.44 June 25 high
Resistance 3:       70.00 figure

Support 1:            68.30 supply/demand level
Support 2:            67.84 August 14 swing high
Support 3:            67.16-67.72 June 14 high-June 26 low 
Support 4:            66.30-66.53 area, July 18 swing low and June 20 high
Support 5:            65.71, June 22 low
Support 6:            64.60 May 28 low
Support 7:            64.00 figure
Support 8:            63.63 June 11 low
Support 9:            62.40 June 18 low