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NYMEX WTI: (N18) Targeting Correction.....>

OIL TECHS
OIL TECHS: NYMEX WTI: (N18) Targeting Correction Back to 21-DMA
*RES 4: $71.09 - Low May 18 now resistance 
*RES 3: $70.15 - 21-DMA 
*RES 2: $69.57 - Hourly resistance May 25 
*RES 1: $68.67 - High May 30
*PRICE: $68.05 @ 0430GMT
*SUP 1: $68.03 - Hourly support May 30 
*SUP 2: $67.42 - Alternating daily support/resistance 
*SUP 3: $66.35 - Low May 30 
*SUP 4: $65.80 - Low May 28
*COMMENTARY: Having found support on the dip below the bull channel base off Feb
lows bulls take comfort in the close above $67.42 that provides breathing room
and increases the risk of a correction back to the 21-DMA. Bulls now need a
close above $71.09 to confirm a break of the 21-DMA and return initial focus to
2018 highs $72.90). Bears now need a close below $65.38 to pressure the 100-DMA
($64.64).

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