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(N19) Recovery At Risk *RES 4: $66.44 -...>

WTI TECHS
WTI TECHS: (N19) Recovery At Risk
*RES 4: $66.44 - High Apr 23 
*RES 3: $64.81 - High Apr 30 
*RES 2: $63.96 - May 20 
*RES 1: $60.58 - 200-dma 
*PRICE: $58.76 @ 02:17 GMT May 29 
*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 
The recovery in WTI futures from Thursday's lows is at risk following
yesterday's weak close with bears now eyeing a return to the $57.33 level. A
break below here would bring the March 8 low at $55.80 into play ahead of the
50% retracement at $55.36. Bulls look to recovery yesterday's high to put the
focus back on the 200-dma which sits at $60.58. Above here would return the
focus to the May 20 high at $63.96. 

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