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(F19) New YTD Lows *RES 4: $72.29 -.......>

WTI TECHS
WTI TECHS: (F19) New YTD Lows
*RES 4: $72.29 - High Oct 17 
*RES 3: $70.00 - Resistance area 
*RES 2: $64.92 - 200-dma 
*RES 1: $60.00 - Down trendline resistance 
*PRICE: $54.14 @ 06:24 GMT 
*SUP 1: $51.00 - Up trendline support from Jan 2016 lows 
*SUP 3: $49.10 - Low Oct 6, 2017 (continuation chart)
*SUP 4: $45.58 - Low Aug 31 (continuation chart)
*SUP 4: $42.05 - June 21 (continuation chart)
WTI futures hit new ytd lows yesterday as the downtrend picks up pace. Up
trendline support from the 2016 lows comes in at $51 marking the next meaningful
level of support, below which the Oct 6 low at $49.10 on the continuation chart
would come into play. Bulls need to reclaim the $60 level marking down trendline
resistance to shift the outlook neutral. Above here would open the 200-dma,
currently at $64.92, above which would return the focus to the upside.

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