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NYMEX WTI: (Q18) Below 55-DMA To Target...>

OIL TECHS
OIL TECHS: NYMEX WTI: (Q18) Below 55-DMA To Target $64.76-66.22
*RES 4: $74.90 - High July 4 
*RES 3: $74.04 - Hourly resistance July 11 
*RES 2: $72.14 - Low July 6 now resistance 
*RES 1: $71.19 - Hourly resistance July 11
*PRICE: $70.61 @ 2130GMT
*SUP 1: $69.86 - 21-DMA 
*SUP 2: $69.04 - 55-DMA 
*SUP 3: $67.78 - Hourly resistance June 27 now support 
*SUP 4: $66.22 - 100-DMA
*COMMENTARY: Fresh 2018 & 3+yr highs last week remained capped ahead of daily
and weekly bull channel tops. Correcting very O/B daily studies are now
impacting with a sharp sell-off that sees pressure back on 21 & 55-DMAs. Bears
now need a close below the 55-DMA to shift focus back to $64.76-66.22 where the
100-DMA and a bull channel base are situated. Bulls now look for a close above
$72.14 to ease bearish pressure and shift focus back to $74.90-75.27.

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