(V18) Set To Test Range Highs *RES 4:.....>

WTI TECHS: (V18) Set To Test Range Highs

*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: $70.03 @ 05:18 GMT 

*SUP 1: $68.00 - Pivot area 

*SUP 2: $63.89 - Low August 16 

*SUP 3: $63.37 - 200-DMA 

*SUP 4: $62.60 - Low June 18 

The Oct-18 WTI contract is within touching distance of a series of resistance

levels around $71 and a break above here 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.