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(J19) Feb/March Highs Under Pressure......>

WTI TECHS
WTI TECHS: (J19) Feb/March Highs Under Pressure
*RES 4: $60.99 - 200-dma 
*RES 3: $59.85 - Channel top 
*RES 2: $58.70 - High Nov 16 
*RES 1: $57.81/88 - High Feb 22/Mar 1 
*PRICE: $57.22 @ 05:57 GMT Mar 13 
*SUP 1: $56.20 - 21-dma 
*SUP 2: $54.52 - Low Mar 8 
*SUP 3: $53.96 - 50-dma 
*SUP 4: $51.23 - Low Feb 11 
WTI futures are closing in on the range highs at $57.81/88 seen on Feb 22/March
1, with a break above here likely to trigger another leg higher. Above here
would open the Nov 16 high ahead of channel top resistance and the 200-dma. On
the downside bears need a close below the 21-dma which would open Friday's low
at $54.52. Below here would suggest a potential downside reversal to the 50-dma.

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