Free Trial

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

WTI TECHS
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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.