Oil chart analysis

Let's quickly analyze the chart of light crude oil:

1) the rising trend was broken mid June
2) a support level has now been confirmed @ 67$
3) price is now evolving in a price range between 67$ and 73$
4) the resistance stands @ 73$.
5) If oil price goes above 73$, it's a buy signal. USO (simple oil ETF) or DXO (2x leveraged ETF) are the ETF to focus on.