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

WTI TECHS
WTI TECHS: (N20) Holding Above Trendline Support
*RES 4: $41.88 - Low Mar 6
*RES 3: $40.11 - 50.0% retracement of the Jan - Apr sell-off
*RES 2: $40.00 - Psychological round number
*RES 1: $38.18 - High Jun 3
*PRICE: $36.51 @ 06:44 BST Jun 4
*SUP 1: $35.41/34.81 - Trendline support drawn off the Apr 29 low / High May 26
*SUP 2: $32.36 - Low May 29
*SUP 3: $30.72 - Low May 22 and key support
*SUP 4: $27.98 - High May 6 and former breakout level
WTI futures continue to push higher with the current bull run still intact.
Price has this week traded above $37.64, Mar 9 high and a gap low on the daily
chart. This reinforces the underlying bullish theme and attention turns to the
psychological $40.00 level. Futures are also holding above trendline support
drawn off the Mar 29 low. The trendline intersects at $35.41 and represents an
initial important support. Bullish!

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