Crude oil WTI Technical Analysis: Black Gold consolidating daily gains below $68.00 a barrel

• Crude oil had a boost to $67.93 a barrel and is now consolidating the daily gains. 
• WTI is trading within the range of the last two weeks and bulls are currently capped by the 68.00 figure. A failure to break above the daily high at 67.93 could lead to a rotation down towards the 67.00 level.
• The Organization of Petroleum Exporting Countries (OPEC) announced that it will increase production by 1 million barrels per day. 

Crude oil WTI 15-minute chart

Spot rate:                      67.62
Relative change:           2.74%     
High:                             67.93
Low:                              65.70

Trend:                           Bullish

Resistance 1:               67.93 current Friday’s high 
Resistance 2:               68.30 May 31 high
Resistance 3:               69.00 figure 

Support 1:                    67.34 June 1, low
Support 2:                    67.00 figure
Support 3:                    66.56 May 31 low