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(J19) Sitting On Uptrend Support *RES.....>

WTI TECHS
WTI TECHS: (J19) Sitting On Uptrend Support
*RES 4: $61.24 - 200-dma 
*RES 3: $59.80 - Channel top 
*RES 2: $58.70 - High Nov 16 
*RES 1: $57.81/88 - High Feb 22/Mar 1 
*PRICE: $56.09 @ 05:43 GMT Mar 6 
*SUP 1: $55.42/02 - 21-dma/Low Feb 26 
*SUP 2: $52.73 - 50-dma 
*SUP 3: $51.23 - Low Feb 11 
*SUP 4: $50.38 - Low Jan 14 
WTI futures are sitting right on uptrend support from the Dec lows with a close
below current levels raising downside risks. Below here the 21-dma comes into
play at $55.42 with a break below here and the Feb 26 low at $55.02 needed to
suggest a potential downside reversal to the 50-dma. To regain the upper hand
bulls need to take out the Feb 22 and Mar 1 highs which would open a return to
channel top resistance.

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