(K19) Bulls Keep The Pressure On *RES.....>

WTI TECHS: (K19) Bulls Keep The Pressure On

*RES 4: $68.17/28 - 76.4% Retracement/High Oct 26 

*RES 3: $66.60 - Low Oct 23

*RES 2: $65.00 - Congestion zone 

*RES 1: $63.46 - 61.8% retracement 

*PRICE: $63.39 @ 06:02 GMT Apr 8 

*SUP 1: $60.77 - 200-dma 

*SUP 2: $58.17/59.70 - Low Mar 25/Uptrend support from Feb lows 

*SUP 3: $54.87/54.65 - Low Mar 8/100-dma 

*SUP 4: $52.16 - Low Feb 11 

The pullback in WTI futures last week was short lived with prices hitting fresh

ytd highs on Friday and extending their rally today. The 61.8% retracement level

of the Oct-Dec decline at $63.46 is the next upside target ahead of the

congestion zone at the $65 area. To regain some momentum bears look for a break

back below the 200-dma at $60.77 which would allow a run at the March 25 low and

uptrend support at $58.17/59.70.