(F19) $50 Levels Holds Firm *RES 4:.......>

WTI TECHS: (F19) $50 Levels Holds Firm

*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: $51.25 @ 05:10 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 managed to steer clear of the $50 level yesterday yet the broader

bearish trend remains intact keeping the focus on the downside. A close below

the Nov 30 low at $49.41 is 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.