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(N19) 200/100-DMAs Taken Out *RES 4:.....>

WTI TECHS
WTI TECHS: (N19) 200/100-DMAs Taken Out 
*RES 4: $66.44 - High Apr 23 
*RES 3: $64.81 - High Apr 30 
*RES 2: $63.96 - May 20 
*RES 1: $60.63 - 200-dma 
*PRICE: $58.55 @ 03:34 GMT May 24 
*SUP 1: $57.33 - Low May 23 
*SUP 2: $55.80 - Low Mar 8 
*SUP 3: $55.36 - 50% retracement of Dec-April gains 
*SUP 4: $53.20 - Low Feb 11 
WTI futures suffered some serious chart damage yesterday with the 200/100-dmas
giving way with ease amid a broad based oil sector selloff. The focus is now on
yesterday's low at $57.33 with a break below here bringing the March 8 low at
$55.80 ahead of the 50% retracement at $55.36. To stabilise the outlook bulls
need to recover the 200-dma which sits at $60.63. Above here would return the
focus to Monday's high at $63.96. 

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