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(N20) Holding Above Trendline Support.....>

WTI TECHS
WTI TECHS: (N20) Holding Above Trendline Support
*RES 4: $37.64 - High Mar 9 and gap low
*RES 3: $37.33 - High Mar 11
*RES 2: $35.18 - High Apr 9 and key resistance
*RES 1: $34.66 - High May 21
*PRICE: $33.51 @ 06:41 BST May 25
*SUP 1: $30.72/37 - Low May 22 / Trendline support drawn off the Apr 29 low
*SUP 2: $27.98 - High May 6 and former breakout level
*SUP 3: $27.53 - Low May 15
*SUP 4: $25.25 - Low May 13
WTI futures found resistance at last Thursday's $34.66 high and retrace lower
Friday before finding support. Friday's weakness appears to highlight the most
significant bearish threat to the recent strong uptrend. Futures traded below
support at $31.13, May 19 low and attention turns to trendline support at $30.37
and support at $27.98, May 6 high and former breakout level. Despite last week's
move lower the trend for now remains up. $34.66 is the bull trigger.

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