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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: $72.99 - Daily Bull channel top 
*RES 1: $72.90 - 2018 High May 22
*PRICE: $71.94 @ 0310GMT
*SUP 1: $71.82 - Low May 22 
*SUP 2: $71.09 - Low May 17 
*SUP 3: $70.24 - Low May 14 
*SUP 4: $70.05 - 21-DMA
*COMMENTARY: Pressure remains on the daily bull channel top 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 $71.82 to gain breathing room and below the
21-DMA now to shift initial focus back to $66.88-67.57.

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