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NYMEX WTI: (M18) Finding Support On.......>

OIL TECHS
OIL TECHS: NYMEX WTI: (M18) Finding Support On Dips 
*RES 4: $69.54 - High Dec 1 2014 (Cont) 
*RES 3: $69.31 - Daily Bull channel top 
*RES 2: $67.68 - 2018 High Apr 16 
*RES 1: $66.92 - Hourly resistance Apr 16
*PRICE: $66.90 @ 0430GMT
*SUP 1: $65.59 - Low Apr 17 
*SUP 2: $65.09 - Low Apr 11 
*SUP 3: $64.90 - 21-DMA 
*SUP 4: $64.10 - High Apr 5 now support
*COMMENTARY: Fresh 2018 & 3+yr highs lacked follow through leaving a bearish key
day reversal in place. Bears have so far failed to capitalise with the bounce
Tuesday seeing initial pressure back on $66.92. Bulls need a close above $66.92
to gain breathing room and above 2018 highs to reassert dominance and initially
target the bull channel top. Bears now need a close below the 21-DMA to ease
bullish pressure and below $64.10 to target $61.23-86.

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