Crude oil ended Friday nearly unchanged as the market traded between the $67.72 support and the $68.88 ceiling. The fact that the price did not break above the $69 level shows a sign of weakness where the bears could take over again with a downtrend.
No clear direction for the Crude oil to predict, but one thing for sure is an explosive move is about to happen as the price range is getting tighter and tighter. A move to the upside could let us see the price trade above the $70 level. However, a move to the downside, will lead us to the $66 levels,
Support: 67.72 66.88
Resistance: 69.30 70.80