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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: $72.70 - Monthly High May 22 
*RES 3: $70.86 - Low May 18 now resistance 
*RES 2: $68.52 - High May 30 
*RES 1: $67.50 - 55-DMA
*PRICE: $66.44 @ 0310GMT
*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 $67.50-68.52 resistance region where the 55-DMA is
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 $65.19 to
gain breathing room and below $63.36 confirm a break of the bull channel base
and to reconfirm the bearish bias initially pressuring $61.43.

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