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NYMEX WTI: (M18) Bollinger Top Limiting...>

OIL TECHS
OIL TECHS: NYMEX WTI: (M18) Bollinger Top Limiting Follow Through
*RES 4: $73.25 - Low Nov 11 2014 now resistance 
*RES 3: $71.63 - Daily Bull channel top 
*RES 2: $70.84 - 2018 High May 7 
*RES 1: $70.46 - Bollinger band top
*PRICE: $70.07 @ 0310GMT
*SUP 1: $69.51 - Low May 7 
*SUP 2: $68.12 - Low May 4 
*SUP 3: $67.99 - 21-DMA 
*SUP 4: $66.85 - Low May 1
*COMMENTARY: Bulls took comfort in support emerging on dips back towards the
21-DMA last week which provided the base for a rally to fresh 2018 & 3+yr highs.
Follow through has been lacking courtesy of the Bollinger band top which is a
concern with bulls currently focused on the daily bull channel top. Bears now
need a close below $69.51 to gain breathing room and hint at a correction back
towards $66.85-67.99 where the 21-DMA is located.

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