(M20) Extends Gains *RES 4: $28.14 -......>

WTI TECHS: (M20) Extends Gains

*RES 4: $28.14 - Apr 15 high

*RES 3: $26.86 - 76.4% retracement of the Apr 9 - 21 decline

*RES 2: $24.92 - Apr 20 high

*RES 1: $22.97 - 61.8% retracement of the Apr 9 - 21 decline

*PRICE: $21.66 @ 06:48 BST May 5

*SUP 1: $18.05 - Low May 4 and key intraday support

*SUP 2: $15.45 - Low Apr 30

*SUP 3: $12.67 - Low Apr 29

*SUP 4: $10.07 - Low Apr 28 and key support

WTI maintains a firmer tone and has extended gains to clear the 20-day EMA at

$20.59. This reinforces the current bullish theme that follows last week's

recovery off $10.07, Apr 28 low. Furthermore, futures have also recently cleared

resistance at $18.26, Apr 23 high strengthening the case for bulls. The focus is

on the $22.97, a Fibonacci retracement where a break would expose $24.92, Apr 20

high. Initial support is at $18.05.