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(M19) Bears Look For A Close Below........>

WTI TECHS
WTI TECHS: (M19) Bears Look For A Close Below 200/55-DMAs 
*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: $63.64 - 21-dma 
*PRICE: $61.67 @ 02:39 GMT May 9 
*SUP 1: $60.04 - 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 have so far failed to close below the 55 and 200-dmas keeping the
near term outlook neutral. Bulls need a break above the 21-dma at $64.64 and the
April 30 high at $64.75 to reignite the uptrend and return the focus to the ytd
high at $66.60. Bears need to close below the 55/200-dmas at $61.00/74 and break
below Monday's low to suggest a downside reversal towards the March 25 low at
$58.44.

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