Crude oil WTI: strong bull breakout oil up 2%, bulls eyeing $69.00 a barrel

• Oil strongly broke from the consolidation area above the $67.30 a barrel resistance, the next objectives for bulls are the 69.00 handle, 69.55 previous swing high and 70.00 handle.
• Oil has found support at a weekly trendline.
• OPEC (Organization of the Petroleum Exporting Countries) says that the output agreement is set to continue until the end of 2018.

WTI Crude oil 15-minute chart

Spot rate:                    68.19
Relative change:        2.02%     
High:                            68.47
Low:                             66.33

Trend:                          Bullish

Support 1:                  67.30 major support/resistance
Support 2:                  65.55 April 17 low
Support 3:                  66.00 handle

Resistance 1:            69.00 handle
Resistance 2:            69.55 April 19 high
Resistance 3:            70.00 handle