(X18) Bulls Need To Hold $70 *RES 4:.....>

WTI TECHS: (X18) Bulls Need To Hold $70 

*RES 4: $85.00 - Resistance 

*RES 3: $80.00 - Resistance 

*RES 2: $79.00 - Measured move target from triangle breakout 

*RES 1: $75.46 - Low Jan 31 2014, now resistance 

*PRICE: $70.25 @ 05:15 GMT 

*SUP 1: $66.67 - Low Sep 7 

*SUP 2: $65.63 - Low Aug 22 

*SUP 3: $63.69 - Low Aug 16 

*SUP 4: $62.48 - Low June 18 

Bulls remain in control but the $70 level needs to hold on a closing basis to

maintain momentum. A close here would open the measured move target from the

triangle breakout at around $79. Bears need a close below the Sep 7 low at

$66.67 to return the focus to the downside. A close below the Aug 16 lows would

suggest a topping pattern is in play, opening up the June 18 lows.