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(N19) Challenging Feb Lows *RES 4:........>

WTI TECHS
WTI TECHS: (N19) Challenging Feb Lows
*RES 4: $60.14 - 200-dma
*RES 3: $59.70 - High May 30
*RES 2: $58.42 - 100-dma
*RES 1: $56.61 - High May 31
*PRICE: $53.09 @ 06:18 GMT Jun 3
*SUP 1: $52.11 - Intraday low
*SUP 2: $51.62 - 61.8% of Dec-Apr rally
*SUP 3: $51.23 - Low Feb 22
*SUP 4: $50.38 - Low Jan 14
The pullback in WTI futures extended through $53 to put immediate focus on the
61.8% retracement of the Dec-Apr rally at $51.62. Below here opens the Feb 22
low at $51.23, ahead of the Jan 14 low at $50.38. Bulls need a close above the
100-dma (Continuation) at $58.42 to stabilise the outlook, a break brings the
May 30 high & 200-dma back into view at $59.70/60.14.

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