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WTI TECHS: (X18) Hold Of $70 Creates Potential Launchpad
*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: $71.73 @ 06:37 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
Friday's test and hold of the key $70 level and today's strong price action
confirms the breakout into a higher trading range. The $70 level could now act
as a launchpad for a price surge towards the triangle breakout target at around
$79. Bears need a close below $70 to target the Sep 7 low at $66.67 to return
the focus to the downside.