(V18) Bulls Back In Control *RES 4:.......>

WTI TECHS: (V18) Bulls Back In Control

*RES 4: $71.63 - High May 22 

*RES 3: $71.29 - High July 2 

*RES 2: $71.05 - High July 10 

*RES 1: $69.19 - High July 30 

*PRICE: $68.68 @ 04:55 GMT 

*SUP 1: $66.49 - High August 21 

*SUP 2: $63.89 - Low August 16 

*SUP 3: $63.01 - 200 DMA 

*SUP 4: $62.60 - Low June 18 

Bulls are back in control following last week's strong gains, with the August 7

high taken out on an intraday basis on Friday. Bears need to prevent a close

above the July 10 highs to avoid bulls gaining further upside momentum and

targeting the May 22 peak. On the downside, a break below the August 21 low  is

still needed to shift the outlook back to neutral, but the August 16 low would

have to give way to suggest further downside.