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NYMEX WTI: (N18) Focus Shifts To..........>

OIL TECHS
OIL TECHS: NYMEX WTI: (N18) Focus Shifts To $64.43-66.80
*RES 4: $71.22 - Hourly resistance May 24 
*RES 3: $70.24 - Low May 14 now resistance 
*RES 2: $69.57 - Hourly resistance May 25 
*RES 1: $68.30 - Hourly support May 25 now resistance
*PRICE: $67.88 @ 2130GMT
*SUP 1: $67.42 - Low May 25 
*SUP 2: $66.80 - Low May 2 
*SUP 3: $66.69 - 55-DMA 
*SUP 4: $66.10 - Daily Bull channel base off 2018 low
*COMMENTARY: Hesitation around the daily bull channel top provided the impetus
for an aggressive break of $70.24 Friday. Focus has shifted to the $64.43-66.80
support region where the bull channel base, 55 & 100-DMAs are situated. The
Bollinger base ($66.93) is a concern for bears with potential to limit follow
through. Bulls now need a close above $68.30 to gain breathing room and above
$70.24 to shift focus higher.

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