Free Trial

(K19) Testing YTD Highs *RES 4: $63.46....>

WTI TECHS
WTI TECHS: (K19) Testing YTD Highs
*RES 4: $63.46 - 61.8% retracement 
*RES 3: $62.66 - Low Aug 15 
*RES 2: $60.82 - 200-dma 
*RES 1: $60.38/39 - High Mar 26,21
*PRICE: $60.04 @ 05:48 GMT Mar 27 
*SUP 1: $58.17 - Low Mar 25 
*SUP 2: $54.87/54.76 - Low Mar 8/100-dma 
*SUP 3: $52.16 - Low Feb 11 
*SUP 4: $51.45 - Low Jan 14 
WTI futures tester their ytd highs yesterday seen on Thursday at $60.39 and this
level remains the upside target just below current levels. Above here would
bring the 200-dma at $60.82 back into play ahead of the Aug 15 low. To stabilise
bears need to break below Monday's low at $58.17 to open the March 8 low and
100-dma at $54.87/76. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.