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OIL TECHS: NYMEX WTI: (N18) $65.80 & $68.67 Levels Key Today
*RES 4: $70.10 - 21-DMA
*RES 3: $69.57 - Hourly resistance May 25
*RES 2: $68.67 - High May 30
*RES 1: $68.17 - Hourly resistance May 31
*PRICE: $67.10 @ 2130GMT
*SUP 1: $66.35 - Low May 30
*SUP 2: $65.80 - Low May 28
*SUP 3: $65.38 - Low Apr 17
*SUP 4: $64.63 - 100-DMA
*COMMENTARY: Volatile trading continues with offers ahead of Wednesdays high
seen capping and pressure remaining on the $64.63-65.80 support region where the
100-DMA is noted. Bears need a close below $65.80 to pressure the 100-DMA and
below $68.37 to shift initial focus to $61.73. Bulls now need a close above
$68.67 to gain breathing room and initially pressure the $70.10-71.09 region
where 21-DMA is noted.