Free Trial

(F19) Bulls Need To Recover 21-DMA .......>

WTI TECHS
WTI TECHS: (F19) Bulls Need To Recover 21-DMA 
*RES 4: $72.29 - High Oct 17 
*RES 3: $64.54 - 200-dma 
*RES 2: $56.00 - Down trendline resistance 
*RES 1: $53.45 - 21-dma 
*PRICE: $52.49 @ 05:55 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 fallen back to range lows after Friday's failure to break above
the 21-dma, shifting attention back to the Nov 30 low at $49.41. Below here
would reignite bearish momentum and signal another down leg towards the Aug 2017
lows on the continuation chart. Bulls look to break above the 21-dma to open
down trendline resistance at $56.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.