Crude Oil Technicals

RES 4: $78.15 Daily high 18 July
RES 3: $77.15 61.8% of $72.77 to $79.86
RES 2: $76.80 Daily low 17 July & 76.4% of $71.65 to $78.40
RES 1: $76.50 Daily high 2 Aug

LAST PRICE: $74.84

SUP 1: $74.65 5-day moving average
SUP 2: $74.02 Daily low 1 Aug
SUP 3: $72.77/80 Daily low 31, 28 July
SUP 4: $72.50 100-day moving average

Outlook remains constructive whilst above the 5-day moving
average at $74.65, and risk of an extension of move higher to $76.80 and
$77.15 eyed thereafter.
Above here, there isn't any thing significant until record high at $78.40.
The daily studies are recovering from oversold territory.