WTI crude oil recently reversed up from the support area lying between the key support level 67.500 (former powerful resistance from March and May), lower daily Bollinger Band and the 50% Fibonacci correction of the upward price impulse wave from March. The upward reversal from this support area stopped the previous ABC correction 2. With the prevailing daily uptrend and the rising middle east tensions – WTI crude oil can be expected to rise further toward the next round resistance level 70.000 (former support from June and July)