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(K19) Correction Within Uptrend *RES 4:...>

WTI TECHS
WTI TECHS: (K19) Correction Within Uptrend
*RES 4: $68.17/28 - 76.4% Retracement/High Oct 26 
*RES 3: $65.00 - Congestion zone 
*RES 2: $63.46 - 61.8% retracement 
*RES 1: $62.99 - High Apr 3
*PRICE: $62.01 @ 04:15 GMT Apr 5 
*SUP 1: $60.76 - 200-dma 
*SUP 2: $58.17/59.70 - Low Mar 25/Uptrend support from Feb lows 
*SUP 3: $54.87/54.65 - Low Mar 8/100-dma 
*SUP 4: $52.16 - Low Feb 11 
WTI futures have edged back from Wednesday's ytd highs but remain in a well
defined uptrend. To regain some momentum bears look for a break back below the
200-dma at $60.76 which would allow a run at the March 25 low and uptrend
support at $58.17/59.70. Bulls look for a break above Wednesday's high at $62.99
to open the 61.8% retracement level of the Oct-Dec decline at $63.46. 

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