(N19) New Lows Fail To Hold *RES 4:.......>

WTI TECHS: (N19) New Lows Fail To Hold

*RES 4: $66.44 - High Apr 23 

*RES 3: $64.81 - High Apr 30 

*RES 2: $63.96 - May 20 

*RES 1: $60.56 - 200-dma 

*PRICE: $59.02 @ 03:11 GMT May 30 

*SUP 1: $56.88 - Low May 23 

*SUP 2: $55.80 - Low Mar 8 

*SUP 3: $55.36 - 50% retracement of Dec-April gains 

*SUP 4: $53.20 - Low Feb 11 

WTI futures broke below Thursday's low yesterday but the break was recovered in

short order with bulls recovering the $59 level. Bulls now look to recovery

Tuesday's high to put the focus back on the 200-dma which sits at $60.56. Above

here would return the focus to the May 20 high at $63.96. Yesterday's low at

$56.88 now becomes initial support. A break below here would bring the March 8

low at $55.80 into play ahead of the 50% retracement at $55.36.