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(G19) Caught Between DMAs *RES 4:.........>

WTI TECHS: (G19) Caught Between DMAs
*RES 4: $72.29 - High Oct 17 
*RES 3: $63.18 - 200-dma 
*RES 2: $54.77 - High Dec 4 
*RES 1: $52.55 - 50-dma 
*PRICE: $51.09 @ 5:55 GMT Jan 14 
*SUP 1: $48.21 - 21-dma 
*SUP 2: $42.36 - Dec 24 low 
*SUP 3: $42.05 - June 21, 2017 (continuation chart) 
*SUP 4: $39.26 - Aug 3, 2016 (continuation chart) 
WTI futures were unable to extend through the 50-dma last week and have come
under pressure in Asian trading today. Bulls need to close above the 50-dma to
open the Dec 4 high at $54.77, above which would target the 200-dma at $63.18.
Bears target a break of the 21-dma at $48.21, below which brings the Dec 24 low
at $42.36 back into focus.

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