(J3) Support Remains Exposed

• RES 4: $86.05 - High Feb 14
• RES 3: $85.00 - Round number resistance
• RES 2: $82.89 - High Jan 23 and a key resistance
• RES 1: $78.06/80.94 - High Mar 9 / 7 and key resistance
• PRICE: $76.79 @ 07:06 GMT Mar 11
• SUP 1: $74.77 73.80 - Low Mar 10 / Low Feb 22 and key support
• SUP 2: $72.64 - Low Feb 6
• SUP 3: $70.86 - Low Dec 9 and the bear trigger
• SUP 4: $70.00 - Psychological round number

A sharp sell-off in WTI futures last week has defined a key resistance at $80.94, Feb 7 high. A break of this hurdle is required to reinstate the recent bullish theme that would open $82.89, the Jan 23 high and a key resistance. The contract remains vulnerable and sights are on $73.80, the Feb 22 low. A breach of this level would strengthen a bearish threat. Initial resistance is seen at $78.06, the Mar 9 high.