NYMEX WTI: (N18) Flirting With 100-DMA....>

OIL TECHS: NYMEX WTI: (N18) Flirting With 100-DMA

*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: $65.27 - Hourly support June 4 now resistance

*PRICE: $64.88 @ 0430GMT

*SUP 1: $63.87 - High Apr 5 

*SUP 2: $61.73 - Monthly Low Apr 6 

*SUP 3: $59.36 - 200-DMA 

*SUP 4: $59.23 - Monthly Low Mar 1

*COMMENTARY: Losses to start the new week ensure the contact remains offered as

it now flirts with the 100-DMA ($64.70). Bears now look for a close below $63.87

to shift initial focus to $61.73 and overall focus to $56.93-59.36 where the

200-DMA and Feb lows are noted. Layers of resistance are weighing despite daily

studies at O/S levels. Bull snow need a close above $67.34 to gain breathing

room and above $68.67 to shift focus higher.