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

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

*RES 4: $68.17 - Hourly resistance May 31 

*RES 3: $67.34 - High June 1 

*RES 2: $66.04 - Hourly resistance June 1 

*RES 1: $66.55 - Hourly resistance June 6

*PRICE: $65.01 @ 2130GMT

*SUP 1: $63.87 - High Apr 5 

*SUP 2: $61.73 - Monthly Low Apr 6 

*SUP 3: $59.52 - 200-DMA 

*SUP 4: $59.23 - Monthly Low Mar 1

*COMMENTARY: The contract continues flirting with the 100-DMA ($64.76). Bears

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 ($67.33) and gain breathing room and

above $68.67 to shift focus higher.