(H19) Back Below Neckline *RES 4:........>

WTI TECHS: (H19) Back Below Neckline 

*RES 4: $76.76 - High Oct 17 (continuation chart) 

*RES 3: $64.43 - Low Aug 16 (continuation chart) 

*RES 2: $62.91 - 200-dma (continuation chart) 

*RES 1: $57.81 - High Feb 22

*PRICE: $55.12 @ 05:54 GMT Feb 26 

*SUP 1: $51.23 - Low Feb 11 

*SUP 2: $50.38 - Low Jan 14 

*SUP 3: $42.36 - Dec 24 low (continuation chart) 

*SUP 4: $42.05 - June 21, 2017 (continuation chart) 

WTI futures have dropped back below neckline resistance turned support from the

prior inverse head and shoulder breakout, which has shifted the outlook neutral.

Bears now look to target the Feb 11 low at $51.23, below which returns the focus

to the downside and opens the Jan 14 low at $53.05 ahead of the Dec 24 low down

at $42.36. To regain the upper hand bulls need to take out Friday's high at

$57.81. Above here would build upside momentum opening the 200-dma.