NYMEX WTI: (N18) Bears Need Close Below...>

OIL TECHS: NYMEX WTI: (N18) Bears Need Close Below 21-DMA

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

*RES 3: $73.11 - Daily Bull channel top 

*RES 2: $72.90 - 2018 High May 22 

*RES 1: $72.26 - High May 23

*PRICE: $71.66 @ 0430GMT

*SUP 1: $71.09 - Low May 17 

*SUP 2: $70.24 - Low May 14 

*SUP 3: $70.23 - 21-DMA 

*SUP 4: $67.57 - Low May 8

*COMMENTARY: Hesitation around the daily bull channel top is less than ideal for

bulls with daily studies correcting from O/B. The 21-DMA remains key support.

Bears continue to look for a close below the 21-DMA to end bullish hopes and

shift focus back to $65.38-67.57 where the bull channel base and 55-DMA are

located. Bulls remain focused on $73.25-74.58 while the 21-DMA supports with a

close above $72.90 to add support.