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NYMEX WTI: (Q18) $61.43 & $68.52 Levels...>

OIL TECHS
OIL TECHS: NYMEX WTI: (Q18) $61.43 & $68.52 Levels Remain Key
*RES 4: $68.52 - High May 30 
*RES 3: $67.38 - 55-DMA 
*RES 2: $66.77 - 21-DMA 
*RES 1: $66.35 - High June 20
*PRICE: $65.34 @ 2130GMT
*SUP 1: $64.79 - Low June 20 
*SUP 2: $64.23 - Low June 19 
*SUP 3: $63.98 - Low June 18 
*SUP 4: $63.36 - Daily bull channel base off Aug 30 low
*COMMENTARY: Volatile trading continues with oil remaining capped ahead of
layers of resistance. The $66.77-68.52 resistance region where the 21 & 55-DMAs
are located remains key. Bulls need a close above $68.52 to end bearish hopes
and shift initial focus back to $70.86-72.70. Bears now need a close below the
bull channel base ($63.36) off Aug 30 lows to reconfirm the bearish bias and
initially pressure $61.43.

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