(Z18) 200-DMA And Uptrend Support In......>

WTI TECHS: (Z18) 200-DMA And Uptrend Support In Focus

*RES 4: $76.72 - High Oct 3 

*RES 3: $74.94 - High Oct 10 

*RES 2: $72.29 - High Oct 17 

*RES 1: $70.00 - Resistance area 

*PRICE: $66.49 @ 06:05 GMT 

*SUP 1: $65.35 - 200-dma, up trendline support from June lows

*SUP 2: $63.48 - Low Aug 16 

*SUP 3: $62.32 - Low Jun 16 

*SUP 4: $60.00 - Support 

WTI futures found some support at the 200-dma at $65.35, which also corresponds

to up trendline support from the June lows. While the level holds for now, the

bounce has been shallow, keeping the downtrend from the Oct 3 high intact. Bulls

need to recover the $70 level to shift the outlook positive, while bears look

for a close below the 200-dma to open the Aug 16 lows at $63.48.