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NYMEX WTI: (Q18) Below $72.18 To Shift....>

OIL TECHS
OIL TECHS: NYMEX WTI: (Q18) Below $72.18 To Shift Focus Lower
*RES 4: $77.83 - High Nov 21 2014 
*RES 3: $75.96 - Weekly Bull channel top 
*RES 2: $75.57 - Daily Bull channel top 
*RES 1: $75.27 - 2018 High July 3
*PRICE: $74.67 @ 0310GMT
*SUP 1: $74.35 - Alternating hourly support/resistance 
*SUP 2: $73.50 - Hourly support July 3 
*SUP 3: $72.73 - Low July 3 
*SUP 4: $72.51 - Low July 2
*COMMENTARY: Fresh 2018 & 3+yr highs continue with the contract remaining capped
ahead of daily and weekly bull channel tops. The Bollinger top ($75.76) and O/B
daily studies remain key concerns for bulls and limit follow through. Bears now
need a close below $73.50 to gain breathing room. Below $72.18 is needed to hint
at a move back to $69.44-70.02 with a close below $71.40 needed to add weight to
their case.

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