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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.