WTI TECHS: (N19) Negative Start To The....>

WTI TECHS: WTI TECHS: (N19) Negative Start To The Week

*RES 4: $59.10 - 100-dma 

*RES 3: $58.52 - 50% of Apr-May fall 

*RES 2: $57.33 - Low May 23 

*RES 1: $54.84 - High Jun 10 

*PRICE: $51.70 @ 06:43 GMT Jun 17 

*SUP 1: $50.60 - Low June 5 

*SUP 2: $49.45 - 76.4% retracement of Dec-Apr rally

*SUP 3: $48.39 - High Dec 26

*SUP 4: $44.49 - L/T Trendline

WTI has been leading the way technically among the oil based futures recently

and the contract continues to give bearish signals currently. Both momentum and

trend indicators are starting the week with a negative stance. A break below the

$51.70 support will put the lows at $50.60 back under pressure, with the

potential to extend the downtrend towards the $44.49 trendline.