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(H20) Downside Focus *RES 4: $58.38 -.....>

WTI TECHS
WTI TECHS: (H20) Downside Focus
*RES 4: $58.38 - High Jan 22
*RES 3: $57.42 - Low Jan 15 and former breakout level
*RES 2: $55.95 - High Jan 24
*RES 1: $54.37 - High Jan 29
*PRICE: $52.83 @ 06:30 GMT Jan 30
*SUP 1: $52.13 - Low Jan 27
*SUP 2: $51.09 - Low Oct 10
*SUP 3: $50.18 - Low Oct 3 and key support
*SUP 4: $50.08 - Low Aug 7 and major support
WTI stalled at yesterday's high of $54.37 with the focus back on the $52.13 low
of Jan 27. From a technical standpoint, the recent recovery was viewed as a
correction. Recent sharp losses are still seen weighing on sentiment with
bearish technical conditions remaining in place. Attention is on $51.09 next,
the Oct 10 low ahead of $50.18, the Oct 3 low and key support. $54.37 marks
resistance.

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