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(N19) Bearish Momentum Signals *RES 4:....>

WTI TECHS
WTI TECHS: (N19) Bearish Momentum Signals
*RES 4: $59.70 - High May 30
*RES 3: $59.15 - 100-dma
*RES 2: $57.33 - Low May 23
*RES 1: $54.63 - High June 3
*PRICE: $51.71 @ 05:50 GMT Jun 6
*SUP 1: $50.60 - Low June 5
*SUP 2: $48.39 - High Dec 26
*SUP 3: $44.49 - L/T Trendline
*SUP 4: $44.20 - Low Dec 26
Momentum indicators are continuing to push lower, showing little indication of a
rebound just yet, consistent with WTI futures extending the downtrend. Major
support in the $48.39 to $44.20 zone is now likely to come under pressure. This
support zone includes long term up trendline support. Rebounds above $54.63
would be needed to suggest short term stabilisation.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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