(K19) $65 Area Tough To Overcome *RES.....>

WTI TECHS: (K19) $65 Area Tough To Overcome

*RES 4: $69.98 - High Oct 22 

*RES 3: $68.17/28 - 76.4% Retracement/High Oct 26 

*RES 2: $66.60 - Low Oct 23 

*RES 1: $64.79 - High Apr 9 

*PRICE: $63.60 @ 06:01 GMT Apr 15 

*SUP 1: $61.50/61.82 - 21-dma/Low Apr 5

*SUP 2: $60.75 - 200-dma

*SUP 2: $58.17/59.30 - Low Mar 25/Uptrend support from Feb lows 

*SUP 3: $54.87/55.03 - Low Mar 8/100-dma 

WTI futures failed to overcome the $65 level three times last week which has

allowed some downside momentum to resume. Bears now look for a break below the

21-dma/April 5 low at $61.50/$61.82 to capitalise on the weakness and open the

200-dma at $60.75. To reignite upside momentum bulls look to take out the Aril 9

high at $64.79. A break above here would open a run at the Oct 23 low at $66.60

ahead of the 76.4% retracement/Oct 26 high at $68.17/28.