(H19) Pullback Fails To Extend *RES 4:....>

WTI TECHS: (H19) Pullback Fails To Extend

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

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

*RES 2: $62.84 - 200-dma (continuation chart) 

*RES 1: $57.81 - High Feb 22 

*PRICE: $55.12 @ 05:18 GMT Feb 27 

*SUP 1: $54.66 - 21-dma 

*SUP 2: $51.23 - Low Feb 11 

*SUP 3: $50.38 - Low Jan 14 (continuation chart)

*SUP 4: $42.36 - Dec 24 low (continuation chart) 

WTI futures have managed to remain clear of the $55 level and the 21-dma keeping

the broader uptrend intact. Friday's high at $57.81 now comes back into play,

above here would build upside momentum opening the 200-dma at $62.84. Bears look

for a break below the 21-dma 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.