NYMEX WTI: (N18) Bulls Need Close Above...>

OIL TECHS: NYMEX WTI: (N18) Bulls Need Close Above $67.34

*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: $65.69 @ 0430GMT

*SUP 1: $65.16 - Hourly support June 5 

*SUP 2: $63.87 - High Apr 5 

*SUP 3: $61.73 - Monthly Low Apr 6 

*SUP 4: $59.53 - 200-DMA

*COMMENTARY: Losses to start the new week saw the contract flirting with the

100-DMA ($64.77). Bears now look for a close below $63.87 to shift initial focus

to $61.73 and overall focus to $56.93-59.53 where the 200-DMA and Feb lows are

noted. Layers of resistance are weighing despite daily studies at O/S levels.

Bulls now need a close above $67.34 to confirm a break of the 55-DMA ($67.34)

and gain breathing room and above $68.67 to shift focus higher.