NYMEX WTI: (M18) Bears Need Close Below...>

OIL TECHS: NYMEX WTI: (M18) Bears Need Close Below $67.57

*RES 4: $73.55 - Weekly Bull channel top 

*RES 3: $73.25 - Low Nov 11 2014 now resistance 

*RES 2: $69.55 - 2018 High Apr 19 

*RES 1: $68.57 - Hourly support Apr 19 now resistance

*PRICE: $68.16 @ 0430GMT

*SUP 1: $67.57 - Hourly support Apr 18 

*SUP 2: $66.54 - Low Apr 18 

*SUP 3: $65.59 - Low Apr 17 

*SUP 4: $65.09 - Low Apr 11

*COMMENTARY: The lack of follow through on fresh 2018 & 3+yr highs following the

marginal break above a bull channel top is a concern for bulls when combined

with daily momentum divergence, studies correcting from O/B and the proximity of

the Bollinger band top ($68.62). Bears still need a close below $67.57 to gain

breathing room and hint at a correction back to $65.09-65.59 where the 21-DMA

($65.20) is found.