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Free Access(H19) Bullish Break Fails To Extend.......>
WTI TECHS: (H19) Bullish Break Fails To Extend
*RES 4: $76.76 - High Oct 17 (continuation chart)
*RES 3: $64.43 - Low Aug 16 (continuation chart)
*RES 2: $63.26 - 200-dma (continuation chart)
*RES 1: $57.96 - High Nov 16 (continuation chart)
*PRICE: $55.79 @ 05:57 GMT Feb 18
*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 were unable to extend their break above the Feb 4 highs yesterday,
but the broader bullish trend remains intact with the focus on the Nov 16 high
at $57.96. Above here opens the 200-dma which currently sits at $63.26. Bears
target the Feb 11 low at $51.23, below which returns the focus to the openside
and opens the Jan 14 low at $53.05 ahead of the Dec 24 low down at $42.36.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.