Crude Oil WTI Technical Analysis: Black Gold bulls are back and getting ready to target $73.00 a barrel

• Crude Oil WTI is in a bull trend above the 200-period simple moving average.
• Crude oil bulls came back this Tuesday and broke above the 72.00 handle. The correction seems to be over and a breakout to 73.00 is likely on the cards for bulls. 
• A bear breakout below 70.00 on a daily closing basis would invalidate the bullish bias.  

Crude oil WTI 4-hour chart

Rate:                         72.15
Relative change:       0.70%     
High:                         72.25
Low:                          71.00

Main Trend:               Bullish

Resistance 1:           73.00 figure
Resistance 2:           74.00 figure 
Resistance 3:           75.19 October 5 high

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