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(N20) Bullish Focus *RES 4: $40.00 -......>

WTI TECHS
WTI TECHS: (N20) Bullish Focus
*RES 4: $40.00 - Psychological round number
*RES 3: $37.64 - High Mar 9 and gap low
*RES 2: $37.33 - High Mar 11
*RES 1: $35.90 - High Jun 1
*PRICE: $35.71 @ 06:43 BST Jun 2
*SUP 1: $33.97/32.36 - Trendline support drawn off the Apr 29 low / Low May 29
*SUP 2: $30.72 - Low May 22
*SUP 3: $27.98 - High May 6 and former breakout level
*SUP 4: $27.53 - Low May 15
WTI futures ended last week on a firm note breaking $34.81, May 26 high and
confirming a resumption of the uptrend. Key resistance at $35.18, Apr 9 high has
also been breached reinforcing bullish conditions. Attention turns to $37.65,
Mar 9 high and a gap low on the daily chart. Key short-term support has been
defined at $30.72, May 22 low with trendline support drawn off the Apr 29 low at
$33.97 today. A break of $30.72 would reverse the trend.

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