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

OIL TECHS: NYMEX WTI: (N18) Bulls Need Close Above 55-DMA

*RES 4: $68.67 - High May 30

*RES 3: $68.17 - Hourly resistance May 31 

*RES 2: $67.40 - 55-DMA 

*RES 1: $66.35 - Low May 30 now resistance

*PRICE: $65.74 @ 2130GMT

*SUP 1: $65.15 - Low June 8 

*SUP 2: $64.82 - 100-DMA 

*SUP 3: $63.87 - High Apr 5 

*SUP 4: $61.73 - Monthly Low Apr 6

*COMMENTARY: Bulls take comfort in the lack of follow through on dips below the

100-DMA with focus having returned to $66.35-68.97 where 21 & 55-DMAs are noted.

Bulls need a close above the 55-DMA ($67.40) to gain breathing room and above

the 21-DMA ($68.97) to shift focus higher. While the 55-DMA caps bears retain

the advantage and need a close below $63.87 to shift initial focus to $61.73 and

overall focus to $56.93-59.70 where the 200-DMA and Feb lows are noted.