(N20) Still Northbound *RES 4: $40.00 -...>

WTI TECHS: (N20) Still Northbound

*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: $35.18 - High Apr 9 and key resistance

*PRICE: $34.19 @ 06:34 BST May 21

*SUP 1: $31.13 - Low May 19

*SUP 2: $29.55 - Low May 18

*SUP 3: $27.98 - High May 6 and former breakout level

*SUP 4: $27.53 - Low May 15

WTI futures mountain a bullish stance and continue to extend this week's gains.

Price action last week cleared former resistance at $27.98, May 6 high and

Monday cleared the 50-day EMA. The ability to remain above the EMA reinforces

current bullish conditions with the focus on key resistance at $35.18, high Apr

9. A break of this level would strengthen a bullish argument and open $37.33,

Mar 11 high. Initial support is at $31.13.