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NYMEX WTI: (Q18) $63.36 & $68.52 Levels...>

OIL TECHS
OIL TECHS: NYMEX WTI: (Q18) $63.36 & $68.52 Levels Remain Key
*RES 4: $68.52 - High May 30 
*RES 3: $67.44 - 55-DMA 
*RES 2: $66.49 - 21-DMA 
*RES 1: $66.35 - High June 20
*PRICE: $65.84 @ 2130GMT
*SUP 1: $65.19 - Hourly resistance June 21 now support 
*SUP 2: $64.79 - Low June 20 
*SUP 3: $64.23 - Low June 19 
*SUP 4: $63.98 - Low June 18
*COMMENTARY: Volatile trading continues with oil remaining capped ahead of
layers of resistance. The $66.49-68.52 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
$63.40 confirm a break of the bull channel base and to reconfirm the bearish
bias initially pressuring $61.43.

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