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

WTI TECHS: (N20) Still Holding Above Trendline Support

*RES 4: $45.50 - 61.8% retracement of the Jan - Apr sell-off

*RES 3: $43.94 - Low Mar 2

*RES 2: $41.88 - Low Mar 6 and the gap low on the daily chart

*RES 1: $40.44 - Intraday high

*PRICE: $40.07 @ 06:45 BST Jun 8

*SUP 1: $37.05/36.86 - Low Jun 5 / Trendline support drawn off the Apr 29 low

*SUP 2: $35.88 - Low Jun 3

*SUP 3: $32.36 - Low May 29

*SUP 4: $30.72 - Low May 22 and key support

The WTI current bull run remains intact. Price last week traded above $37.64,

Mar 9 high and a gap low on the daily chart. This reinforces the underlying

bullish theme. Furthermore, price has today also traded above the psychological

$40.00 level. The focus is on a climb towards $41.88, Mar 6 low and a gap high

on the daily chart. Futures are also holding above trendline support drawn off

the Mar 29 low. The trendline intersects at $36.86.