WTI oil retraces to support zone

On the daily chart of WTI oil we can see that the commodity consolidated around the 75.00 level and the 73.00 zone. From that consolidation the price breaks below the 73.00 level to drop to the 70.00 level where it tried to stall for a minute. But the drop was really strong and the price continued dropping to the 55 day exponential moving average (purple line) around the 69.18 level. From the 55 day EMA the price bounce to the upside and the actual daily candle is in the shape of a hammer. The hammer is a bullish Japanese candlestick reversal pattern, therefore the price may bounce back to the upside. In case of a bullish pullback, the price may find some resistance at the 73.00 level and the 75.00 level may also act as resistance. To the downside, below the 68.00 level, its next support could be the 65.00 zone.