(H19) Range Remains Intact *RES 4:........>

WTI TECHS: (H19) Range Remains Intact

*RES 4: $76.90 - High Oct 17 (continuation chart) 

*RES 3: $64.23 - 200-dma (continuation chart) 

*RES 2: $57.96 - High Nov 16 (continuation chart) 

*RES 1: $54.24 - High Jan 21 

*PRICE: $52.27 @ 05:51 GMT Jan 29

*SUP 1: $50.38 - Low Jan 14 (continuation chart) 

*SUP 2: $50.68 - 21-dma (continuation chart) 

*SUP 3: $42.36 - Dec 24 low 

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

WTI futures have largely shrugged off weakness in the other oil markets with the

three week trading range remaining intact. The Jan 21 high at $54.24 remains

resistance, and a close above here is needed improve the outlook and open the

Nov 16 high at $57.96, ahead of the 200-dma at $64.23. Bears need to break below

the Jan 14 low/21-dma at $50.38/68 to shift the outlook bearish. Below here

would bring the Dec 24 low at $42.36 back into focus.