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(M19) Bulls Clinging To 200/55-DMAs ......>

WTI TECHS
WTI TECHS: (M19) Bulls Clinging To 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: $63.74 - 21-dma 
*PRICE: $61.89 @ 06:03 GMT May 8 
*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 steered clear of the 55 and 200-dmas yesterday, which act as the
last line of defense ahead of Monday's low at $60.04. Bulls now need a break
above the 21-dma at $64.74 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 $60.87/77 and a break below Monday's low to suggest a
downside reversal towards the March 25 low at $58.44.

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