(V18) Approaching Triangle Top *RES 4:....>

WTI TECHS: (V18) Approaching Triangle Top

*RES 4: $79.00 - Measured move target from triangle breakout 

*RES 3: $71.63 - High May 22 

*RES 2: $71.29 - High June 29 

*RES 1: $71.05 - High July 10 

*PRICE: $70.28 @ 05:17 GMT 

*SUP 1: $68.00 - Pivot area 

*SUP 2: $63.89 - Low August 16 

*SUP 3: $63.29 - 200 DMA 

*SUP 4: $62.60 - Low June 18 

WTI is approaching its triangle top resistance level just below the July 10 high

at $71.05. A break above these levels would allow bulls to set their sights on

$79.00 which is the measured move from the breakout of the four-month long

triangle pattern. Bears need to close back below $68.00 to shift the short-term

outlook neutral, but a break below the August 21 low is still needed to shift

the outlook bearish.