(Z18) $60 Holds On A Closing Basis *RES...>

WTI TECHS: (Z18) $60 Holds On A Closing Basis

*RES 4: $74.94 - High Oct 10 

*RES 3: $72.29 - High Oct 17 

*RES 2: $70.00 - Resistance area 

*RES 1: $65.37 - 200-dma 

*PRICE: $60.89 @ 05:46 GMT 

*SUP 1: $60.00 - Support 

*SUP 2: $56.86 - Low Mar 1 

*SUP 3: $54.93 - Low Feb 9 

*SUP 4: $51.00 - Up trendline support from Jan 2016 lows 

The $60 level held on a closing basis on Friday giving bulls some breathing room

but the bearish trend remains intact. A close below $60 would open the Feb and

ytd lows just below $55. Bulls need to recover the 200-dma at $65.37 to shift

the outlook neutral, while a break above the $70 level is needed to return the

focus to the upside.