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(Z18) 200-DMA Under Threat *RES 4:........>

WTI TECHS
WTI TECHS: (Z18) 200-DMA Under Threat
*RES 4: $76.72 - High Oct 3 
*RES 3: $74.94 - High Oct 10 
*RES 2: $71.62 - 21-dma 
*RES 1: $69.38 - 55-dma 
*PRICE: $66.29 @ 05:48 GMT 
*SUP 1: $65.22 - 200-dma 
*SUP 2: $63.48 - Low Aug 16 
*SUP 3: $62.32 - Low Jun 16 
*SUP 4: $60.00 - Support 
WTI futures continue to edge towards the next support level at the 200-dma,
current intersecting at $65.22. Bears are firmly in control following last
week's drop below $70, and downside momentum would strengthen below the 200-dma,
opening the Aug 16 low at $63.48. To shift the outlook back to neutral we would
need to see a recovery of the 55-dma at $69.38. 

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