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(J19) Channel Top And 200-DMA Remain In...>

WTI TECHS
WTI TECHS: (J19) Channel Top And 200-DMA Remain In Focus
*RES 4: $63.46 - 61.8% retracement 
*RES 3: $62.66 - Low Aug 15 
*RES 2: $60.87 - 200-dma 
*RES 1: $60.44 - Channel top 
*PRICE: $58.87 @ 05:26 GMT Mar 20 
*SUP 1: $57.16 - 21-dma 
*SUP 2: $55.08/54.81/54.52 - 50-dma/100-dma/Low Mar 8 
*SUP 3: $51.23 - Low Feb 11 
*SUP 4: $51.00 - Low Jan 14 
WTI futures continue to sit just below channel top resistance at $60.44 and the
200-dma just above at $60.87. A break above here would suggest a run at the Aug
15 low at $62.66, while the 61.8% retracement of the Oct-Dec decline comes in at
$63.46. On the downside bears need a close below the 21-dma currently at $57.16
to bring the 50-dma/100-dma/Low Mar 8 at $55.08/54.81/54.52 into view.

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