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WTI TECHS(J19) 200-dma Next Up *RES 4:....>

OIL TECHS
OIL TECHS: WTI TECHS(J19) 200-dma Next Up
*RES 4: $63.46 - 61.8% retracement
*RES 3: $62.66 - Low Aug 15
*RES 2: $61.88 - 200-dma
*RES 1: $60.39/44 - High Mar 21/Channel top
*PRICE: $59.99 @ 07:29 GMT Mar 22
*SUP 1: $57.81 - Pivotal Support
*SUP 2: $55.05/54.52/54.21 - 50-dma//Low Mar 8/100-dma
*SUP 3: $51.23 - Low Feb 11
*SUP 4: $51.00 - Low Jan 14
WTI futures continue to trigger bullish signals with the upper boundary of the
ascending channel currently being tested, supported by the 50-dma recent break
above the 100-dma. The 200-dma comes in today at $61.88, with a break here
needed to cement the uptrend and target the 61.8% retracement level at $63.46.
Bears need to clear pivotal support at $57.81, to bring the 100-dma back into
view at $54.21.

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