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NYMEX WTI: (Q18) Above $68.52 To End......>

OIL TECHS
OIL TECHS: NYMEX WTI: (Q18) Above $68.52 To End Bearish Hopes
*RES 4: $68.52 - High May 30 
*RES 3: $67.33 - 55-DMA 
*RES 2: $67.09 - 21-DMA 
*RES 1: $66.18 - Low June 14 now resistance
*PRICE: $64.90 @ 2130GMT
*SUP 1: $64.23 - Low June 19 
*SUP 2: $63.98 - Low June 18 
*SUP 3: $63.29 - Daily bull channel base off Aug 30 low 
*SUP 4: $62.36 - Bollinger band base
*COMMENTARY: Volatile trading continues with oil giving back some of Monday's
gains. The $67.09-68.52 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 ($63.29) of Aug 30 lows to reconfirm the bearish bias and initially
pressure $61.43.

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