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(M20) Bullish Rally *RES 4: $30.00 -......>

WTI TECHS
WTI TECHS: (M20) Bullish Rally
*RES 4: $30.00 - Round number resistance
*RES 3: $28.37 - 50-day EMA
*RES 2: $26.86 - 76.4% retracement of the Apr 9 - 21 decline
*RES 1: $26.08 - Intraday high
*PRICE: $24.34 @ 06:54 BST May 6
*SUP 1: $21.13 - Low May 5 and key intraday support
*SUP 2: $18.05 - Low May 4
*SUP 3: $15.45 - Low Apr 30
*SUP 4: $12.67 - Low Apr 29
WTI maintains a firmer tone and extended gains yesterday resulting in a clear
break of the 20-day EMA. This reinforces the current bullish theme that follows
last week's recovery off $10.07, Apr 28 low. Futures have cleared a number of
resistance levels and attention turns to $26.86 next, a Fibonacci retracement
ahead of the 50-day EMA at $28.37. The average is seen as a key resistance area.
Initial support lies at $21.53, yesterday's low.

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