(F19) Focus Back On The Cycle Lows .......>

WTI TECHS: (F19) Focus Back On The Cycle Lows 

*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: $52.36 @ 05:45 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 failed to break above Tuesday's highs yesterday which has put the

bears back in charge. A close below Friday's low at $49.41 is now 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.