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WTI TECHS(U18) Bulls Have The Edge........>

OIL TECHS
OIL TECHS: WTI TECHS(U18) Bulls Have The Edge Above 100-DMA 
*RES 4: $73.00 - High July 10 
*RES 3: $72.40 - Hourly High July 10 
*RES 2: $70.43 - High July 30 
*RES 1: $69.36 - High August 2 
*PRICE: $68.79 @ 0600GMT 
*SUP 1: $67.87 - Low August 3 
*SUP 2: $67.12 - 100-DMA 
*SUP 3: $66.92 - Low August 2 
*SUP 4: $62.99 - Low June 18 
The 100-DMA continues to act as key support as bulls have the upper hand for
now. A break of Friday's high is needed to build on upside momentum and target
the July 30 high, a break of which would strongly suggest a continuation of the
broader bullish trend. On the downside, bears need a close below Friday's low at
$67.87 in order to open up another retest of the key 100-DMA support level,
which now comes in at $67.12.

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