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

OIL TECHS
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.

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