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

WTI TECHS
WTI TECHS: (H19) Rally Fails To Extend
*RES 4: $76.90 - High Oct 17 (continuation chart) 
*RES 3: $64.44 - 200-dma (continuation chart) 
*RES 2: $57.96 - High Nov 16 (continuation chart) 
*RES 1: $54.24 - High Jan 21 
*PRICE: $52.29 @ 06:07 GMT Jan 24 
*SUP 1: $50.38 - Low Jan 14 (continuation chart) 
*SUP 2: $49.47 - 21-dma (continuation chart) 
*SUP 3: $42.36 - Dec 24 low 
*SUP 4: $42.05 - June 21, 2017 (continuation chart) 
WTI futures failed to take out the Dec 4 highs again yesterday which keeps the
outlook neutral. Bulls need to overcome Monday's high at $54.24 to improve the
outlook and open the Nov 16 high at $57.96 ahead of the 200-dma at $64.44. Bears
need to break below $50 to target the 21-dma at $49.47. Below here would bring
the Dec 24 low at $42.36 back into focus.

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