(F19) $50 Level Back In Focus *RES 4:.....>

WTI TECHS: (F19) $50 Level Back In Focus

*RES 4: $72.29 - High Oct 17 

*RES 3: $64.70 - 200-dma 

*RES 2: $56.00 - Down trendline resistance 

*RES 1: $54.90 - Low Nov 13 

*PRICE: $52.40 @ 06:10 GMT 

*SUP 1: $49.41 - Low Nov 29 

*SUP 2: $49.10 - Low Oct 6, 2017 (continuation chart) 

*SUP 3: $45.58 - Low Aug 31, 2017 (continuation chart) 

*SUP 4: $42.05 - June 21, 2017 (continuation chart) 

WTI futures have given back most of the rally seen at the start of the week to

return attention to the $50 level, with a close below Friday's low at $49.41

needed to reignite bearish momentum. This would signal another down leg towards

the Aug 2017 lows on the continuation chart. Bulls continue to target the Nov 13

low at $54.90. A break above here would open down trendline resistance at $56.