NYMEX WTI: (N18) $63.87-65.38 Support.....>

OIL TECHS: NYMEX WTI: (N18) $63.87-65.38 Support Region Key

*RES 4: $68.67 - High May 30 

*RES 3: $68.17 - Hourly resistance May 31 

*RES 2: $67.34 - High June 1 

*RES 1: $66.04 - Hourly resistance June 1

*PRICE: $65.84 @ 0310GMT

*SUP 1: $65.38 - Low Apr 17 

*SUP 2: $64.71 - 100-DMA 

*SUP 3: $63.87 - High Apr 5 

*SUP 4: $61.73 - Monthly Low Apr 6

*COMMENTARY: Volatile trading defined with offers ahead of Wednesdays high seen

capping and pressure remaining on the $64.71-65.38 support region where the

100-DMA is noted. Bears need a close below $65.38 to pressure the 100-DMA and

below $63.87 to shift initial focus to $61.73. Bulls now need a close above

$67.34 to gain breathing room and above $68.67 initially pressure the

$69.89-71.09 region where 21-DMA is noted.