(F19) Another Failure To Close Above......>

WTI TECHS: (F19) Another Failure To Close Above 21-DMA 

*RES 4: $72.29 - High Oct 17 

*RES 3: $64.48 - 200-dma 

*RES 2: $56.00 - Down trendline resistance 

*RES 1: $52.39 - 21-dma 

*PRICE: $51.89 @ 06:09 GMT Dec 17 

*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) 

The 21-dma is proving a difficult level to overcome on a closing basis, with

Friday's weakness returning the focus squarely to the downside. The Nov 29 low

at $49.41 marks support, below which would reignite bearish momentum and signal

another down leg towards the Aug 2017 lows on the continuation chart. On the

upside, a break above the 21-dma would turn the outlook bullish, shifting

attention to down trendline resistance from the highs which comes in at $56.