|R4||34.72||*||38.2% from January 08||S1||30.00||Figure|
|R3||32.59||April 15 high||S2||29.55||Intraday low|
|R2||32.00||Break level||S3||27.98||*||May 06 high|
|R1||31.80||Intraday high||S4||27.35||*||50-day moving average|
Asterisk denotes strength of level
10:45 GMT - CLN0 continues to extend the 50-day moving-average breakout from last week and the market now could be poised to test the 32.00/59 zone. If WTI makes it through 32.59, then the next potential key target for this week is the 38.2% Fibonacci level at 34.72, which could be where the 14-day RSI reaches overbought territory and hints at profit-taking. The key support zone now stands at 27.98/35.