MURPHY OIL CORP (MUR-NYSE): Technical Viewpoint: From a low of $61.84 on Apr 21, 2004 prices rallied, reaching a high of $71.90 on Apr 21, 2004. A decline saw prices pull back, reaching a low of $63.42 on May 13, 2004. Another rally saw prices penetrate resistance, closing 6/13/04 at $69.33. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 2, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $64.25. Resistance: Is at $70.75. Point & Figure: Reversed to the upside on Jun 4, 2004. A P&F upside reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! MURPHY OIL CORP (MUR-NYSE) @ $70.13 Stop: Use a protective stop of $67.63. MURPHY OIL CORP is currently trading @ $69.33 plus $3.59 on Jun 10, 2004. Price Objective: $81.00. Risk/Reward: $2.50 VS. $10.87. Today's Risk Reward Ratio: 4:1