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(M19) Bears Have The Edge *RES 4:.........>

WTI TECHS
WTI TECHS: (M19) Bears Have The Edge
*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: $63.16 - 21-dma 
*PRICE: $61.36 @ 05:34 GMT May 15 
*SUP 1: $60.65/04 - 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 maintain their bearish cautious tone following the failure of bulls
to recover the 21-dma, keeping the focus on the 200-dma/May 6 low at $60.65/04.
A break below here would build downside momentum towards the March 25 low at
$58.44. On the upside a break above the 21-dma at $63.16 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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