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NYMEX WTI: (Q18) Bears Need Close Below...>

OIL TECHS
OIL TECHS: NYMEX WTI: (Q18) Bears Need Close Below $71.40
*RES 4: $79.85 - High Nov 10 2014 
*RES 3: $77.83 - High Nov 21 2014 
*RES 2: $73.25 - Low Nov 14 2014 now resistance 
*RES 1: $73.06 - High June 27
*PRICE: $72.30 @ 2130GMT
*SUP 1: $71.40 - Hourly resistance June 27 now support 
*SUP 2: $70.02 - Hourly support June 26 
*SUP 3: $69.44 - High June 25 now support 
*SUP 4: $68.88 - Hourly resistance June 26 now support
*COMMENTARY: Support around the 55-DMA ($67.90) provided the base for an
aggressive rally and bullish close that probed the $72.70-73.25 region
Wednesday. Bulls need a close above $73.25 to shift focus to $77.83-79.85 levels
last seen in Nov 2014. Initial support is noted at $71.40 with bears needing a
close below to gain breathing room and below $69.44 to shift initial focus back
to the 55-DMA ($67.93).
Energy BulletsCommodities
Energy BulletsCommodities

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