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NYMEX WTI: (M18) $67.11 Support Key.......>

OIL TECHS
OIL TECHS: NYMEX WTI: (M18) $67.11 Support Key Today
*RES 4: $71.20 - Daily Bull channel top 
*RES 3: $70.78 - Bollinger band top 
*RES 2: $69.55 - 2018 High Apr 19 
*RES 1: $69.34 - High Apr 30
*PRICE: $68.73 @ 0430GMT
*SUP 1: $67.11 - Low Apr 25 
*SUP 2: $66.54 - Low Apr 18 
*SUP 3: $66.58 - 21-DMA 
*SUP 4: $65.09 - Low Apr 11
*COMMENTARY: The rejections ahead of 2018 highs are a concern for bulls when
combined with daily studies correcting from O/B and the proximity of the
Bollinger top. Bears look for a close below $67.11 to gain breathing room and
below the 21-DMA to shift initial focus to $65.09-59. Bulls need a close above
$69.55 to reconfirm focus on $71.20-73.25 where the MT bull channel top is
noted.

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