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(H19) 21-dma Downside Focus *RES 4:.......>

WTI TECHS
WTI TECHS: (H19) 21-dma Downside Focus
*RES 4: $76.90 - High Oct 17 (continuation chart)
*RES 3: $63.83 - 200-dma (continuation chart)
*RES 2: $58.79 - 100-dma (continuation chart)
*RES 1: $57.96 - High Nov 16 (continuation chart)
*PRICE: $53.65 @ 06:33 GMT Feb 6
*SUP 1: $52.84 - 21-dma
*SUP 2: $50.70/38 -50-dma/Low Jan 14
*SUP 3: $42.36 - Dec 24 low (continuation chart)
*SUP 4: $42.05 - June 21, 2017 (continuation chart)
WTI topped out ahead of $56 with the retracement extending back through $54.
This brings the 21-dma into view at $52.84, below here would suggest a bearish
reversal down towards the 50-dma & Jan 14 low at $50.70/38. Bulls topside focus
remains on a break of the Nov 16 high at $57.96, ahead of the 100-dma at $58.79.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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