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

WTI TECHS
WTI TECHS: (K19) YTD Highs in View
*RES 4: $63.46 - 61.8% retracement
*RES 3: $62.66 - Low Aug 15
*RES 2: $60.79 - 200-dma
*RES 1: $60.38/39 - High Mar 26,21
*PRICE: $59.20 @ 06:44 GMT Mar 28
*SUP 1: $58.17 - Low Mar 25
*SUP 2: $54.87/54.70 - Low Mar 8/100-dma
*SUP 3: $52.16 - Low Feb 11
*SUP 4: $51.45 - Low Jan 14
WTI futures challenged but failed to breach the ytd high at $60.39 Tuesday.
Despite this, pullbacks have so far remained shallow and keeps the recent
uptrend intact. A topside break brings the 200-dma back into view at $60.79,
ahead of the Aug 15 low at $62.66. To stabilise the outlook bears need to break
below Monday's low at $58.17 to open the March 8 low and 100-dma at $54.87/70.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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