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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.