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WTI TECHS(U18) Contracting Range..........>

WTI TECHS
WTI TECHS: WTI TECHS(U18) Contracting Range Forming  
*RES 4: $73.00 - High July 10 
*RES 3: $70.60 - High July 13 
*RES 2: $70.43 - High July 30 
*RES 1: $69.92 - High August 6 
*PRICE: $69.07 @ 0610GMT 
*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 
A contracting range formation is developing with initial resistance at $69.96
and initial support at $67.87. The direction of the breakout from this
contracting range is likely to dictate price action over the subsequent days and
weeks, and will determine whether a retest of the July 10 highs or the June 18
low is on the cards. 

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