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(F19) Bulls Hold The $50 Level *RES 4:...>

WTI TECHS
WTI TECHS: (F19) Bulls Hold The $50 Level 
*RES 4: $72.29 - High Oct 17 
*RES 3: $64.84 - 200-dma 
*RES 2: $56.00 - Down trendline resistance 
*RES 1: $54.90 - Low Nov 13 
*PRICE: $52.11 @ 06:00 GMT 
*SUP 1: $50.10 - Low Nov 26 
*SUP 3: $49.10 - Low Oct 6, 2017 (continuation chart) 
*SUP 4: $45.58 - Low Aug 31, 2017 (continuation chart) 
*SUP 4: $42.05 - June 21, 2017 (continuation chart) 
WTI futures tested Monday's lows yesterday which held firm just ahead of the $50
level which gives bulls some hope of a rebound. Resistance comes in at $54.90
marking the Nov 13 low and a break above here would open down trendline
resistance. A close below $50 would reignite bearish momentum and signal another
down leg towards the Aug 2017 lows on the continuation chart. 

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