Crude Oil WTI Technical Analysis: Best daily close in a month - Oil surges to $69.00 a barrel

• Despite the huge build with the EIA Crude Oil Stocks change report to July 13, crude oil bulls managed to stage a rally. EIA: Commercial crude oil inventories increased by 5.8 million barrels from previous week.
• While bulls are not totally out of the woods just yet, today is the best daily close seen in about a month. Oil also rejected the daily 100-period simple moving average.
• Bulls have displayed some strength and a breakout above $70.00 should clear any doubts that bulls are in full control. Supports are seen near 68.30 and 67.72. 

Crude oil WTI 15-minute chart

Spot rate:             68.96
Relative change:  1.79%     
High:                    69.03
Low:                     67.03

Trend:                  Neutral to bullish

Resistance 1:      69.00 figure 
Resistance 2:      69.44 June 25 high
Resistance 3:      70.00 figure   
Resistance 4:      70.53 May 24 low 

Support 1:           68.30 supply/demand level 
Support 2:           67.72 June 26 low
Support 3:           67.16 June 14 high
Support 4:           66.53 June 20 high
Support 5:           65.71, June 22 low