(J19) Continued To Close Above 21-DMA ....>

WTI TECHS: (J19) Continued To Close Above 21-DMA 

*RES 4: $61.13 - 200-dma 

*RES 3: $61.27 - Channel top 

*RES 2: $58.70 - High Nov 16 

*RES 1: $57.81/88 - High Feb 22/Mar 1 

*PRICE: $56.32 @ 05:49 GMT Mar 11 

*SUP 1: $55.65 - 21-dma

*SUP 2: $54.52 - Low Mar 8

*SUP 3: $53.14 - 50-dma 

*SUP 4: $51.23 - Low Feb 11 

WTI futures continue to close above the 21-dma with Friday's intraday weakness

proving short lived and the strong weekly close shifting the focus back to the

upside. Upside focus remains on the Feb 22 and Mar 1 highs at $57.81/88. Above

here would open channel top resistance and the 200-dma. On the other hand a

close below the 21-dma would open Friday's low at $54.52, below here would

suggest a potential downside reversal to the 50-dma.