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(J19) Struggling To Bounce Off 21-DMA ....>

WTI TECHS
WTI TECHS: (J19) Struggling To Bounce Off 21-DMA 
*RES 4: $61.29 - 200-dma 
*RES 3: $59.50 - Channel top 
*RES 2: $58.70 - High Nov 16 
*RES 1: $57.81/88 - High Feb 22/Mar 1 
*PRICE: $56.29 @ 05:25 GMT Mar 5
*SUP 1: $55.35/02 - 21-dma/Low Feb 26 
*SUP 2: $52.63 - 50-dma 
*SUP 3: $51.23 - Low Feb 11 
*SUP 4: $50.38 - Low Jan 14 
WTI futures continue to put pressure on the 21-dma at $55.35 with a break below
here and the Feb 26 low at $55.02 needed to give bears the advantage. A close
below here would suggest a potential downside reversal with the 50-dma coming in
at $52.63. 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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