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

OIL TECHS: NYMEX WTI: (M18) Bears Need Close Below $67.14

*RES 4: $73.25 - Low Nov 11 2014 now resistance 

*RES 3: $70.85 - Daily Bull channel top 

*RES 2: $69.55 - 2018 High Apr 19 

*RES 1: $68.33 - Hourly support Apr 24 now resistance

*PRICE: $67.72 @ 0430GMT

*SUP 1: $67.14 - Low Apr 23 

*SUP 2: $66.54 - Low Apr 18 

*SUP 3: $65.79 - 21-DMA 

*SUP 4: $65.09 - Low Apr 11

*COMMENTARY: The rejection ahead of 2018 highs Tuesday is a concern for bulls

when combined with daily studies correcting from O/B and the proximity of the

Bollinger top ($69.88). Pressure has returned to the $67.14 support. Bears look

for a close below $67.14 to gain breathing room and hint at a correction back to

$65.09-79 where the 21-DMA is found. Bulls need a close above $69.55 to

reconfirm focus on $70.85-73.25 where the MT bull channel top is noted.