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WTI TECHS: (X18) Consolidating Recent Gains
*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: $72.22 @ 05:57 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
Nov-18 WTI futures continue to trade in a sideways pattern in the near term as
prices consolidate following the recent bullish break. The next hurdle comes in
at $79 marking the measured move from the breakout of the four-month trading
range. Bears need a close below $70 to target the Sep 7 low at $66.67 to return
the focus to the downside.