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(M19) 21-DMA Caps Gains *RES 4:...........>

WTI TECHS
WTI TECHS: (M19) 21-DMA Caps Gains
*RES 4: $68.13/36 - 76.4% Retracement/High Oct 26 
*RES 3: $66.60 - High Apr 23 
*RES 2: $64.75 - High Apr 30 
*RES 1: $63.24 - 21-dma 
*PRICE: $61.23 @ 06:00 GMT May 14 
*SUP 1: $60.67/04 - 200-dma/Low May 6 
*SUP 2: $58.44 - Low Mar 25 
*SUP 3: $55.31 - Low Mar 8 
*SUP 4: $52.71 - Low Feb 11 
WTI futures met with resistance at the 21-dma yesterday before closing below the
55-dma. The 200-dma has so far held firm though keeping the outlook neutral. A
downside break would open the May 6 low at $60.04, below which would suggest a
downside reversal towards the March 25 low at $58.44. On the upside a break
above the 21-dma at $63.24 is needed to reignite upside momentum towards the
April 30 high at $64.75 ahead of the ytd high at $66.60. 

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