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NYMEX WTI: (M18) Bulls Focused On.........>

OIL TECHS
OIL TECHS: NYMEX WTI: (M18) Bulls Focused On Channel Top
*RES 4: $73.25 - Low Nov 11 2014 now resistance
*RES 3: $71.54 - Daily Bull channel top 
*RES 2: $70.76 - Bollinger band top 
*RES 1: $69.97 - 2018 May 4
*PRICE: $69.72 @ 2130GMT
*SUP 1: $69.55 - High Apr 19 now support 
*SUP 2: $68.12 - Low May 4 
*SUP 3: $67.26 - 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
Friday. Bulls reconfirmed dominance with focus currently on the daily bull
channel top around $71.54 today. Bears now need a close below $69.55 to gain
breathing room and hint at a correction back towards $66.85-67.26 where the
21-DMA is located.

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