NYMEX WTI: (H18) $66.66-$67.15 Next.......>

OIL TECHS: NYMEX WTI: (H18) $66.66-$67.15 Next Potential Targets

*RES 4: $69.96 - 61.8% Fibo of $89.47-$38.40

*RES 3: $68.37 - Feb 2015 high

*RES 2: $67.15 - 6 week bull channel top

*RES 1: $66.66 - 1.618 swing of $57.97-$43.91

*PRICE: $66.29 @ 0414GMT

*SUP 1: $65.25 - Hourly support 

*SUP 2: $64.83 - Jan 15 high, now support

*SUP 3: $64.32 - Congestion lows Jan 23-24

*SUP 4: $64.13 - Jan 22 high, now support

*COMMENTARY: Rally continues, lately eyeing a rise towards $66.66, the swing

target of the $57.97-$43.91 pullback, seen in the early part of last year. Above

and the 6 week bull channel top is at $67.15 today, as we make our way towards

the next Fibo retrace of note, the 61.8% at $69.96. Support initially from

$65.25, loss would disappoint near term and allow some correction of recent

gains from $62.78.