(V18) Hesitation Ahead Of Triangle Top ...>

WTI TECHS: (V18) Hesitation Ahead Of 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: $69.56 @ 05:00 GMT 

*SUP 1: $68.00 - Pivot area 

*SUP 2: $63.89 - Low August 16 

*SUP 3: $63.36 - 200 DMA 

*SUP 4: $62.60 - Low June 18 

The Oct-18 WTI contract is showing some signs of hesitation ahead of the

triangle top resistance level and the July 10 highs 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 16 low is still needed to turn the outlook bearish.