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NYMEX WTI: (N18) Bull Channel Top.........>

OIL TECHS
OIL TECHS: NYMEX WTI: (N18) Bull Channel Top Capping
*RES 4: $74.58 - Weekly Bull channel top 
*RES 3: $73.25 - Low Nov 11 2014 now resistance 
*RES 2: $72.86 - Daily Bull channel top 
*RES 1: $72.68 - 2018 High May 17
*PRICE: $72.54 @ 0300GMT
*SUP 1: $71.94 - Hourly support May 21 
*SUP 2: $71.09 - Low May 17 
*SUP 3: $70.24 - Low May 14 
*SUP 4: $69.86 - 21-DMA
*COMMENTARY: Pressure remained on the daily bull channel top last week with
bulls currently focused on the $73.25-74.58 region where the weekly bull channel
top is located. O/B studies and daily momentum divergence are key concerns for
bulls. In saying that, bears now need a close below $71.09 to gain breathing
room and below the 21-DMA now to shift initial focus back to $66.88-67.57.

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