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(Z18) Bears Not Letting Up *RES 4:........>

WTI TECHS
WTI TECHS: (Z18) Bears Not Letting Up
*RES 4: $74.94 - High Oct 10 
*RES 3: $72.29 - High Oct 17 
*RES 2: $70.00 - Resistance area 
*RES 1: $65.39 - 200-dma 
*PRICE: $61.72 @ 05:45 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 
Bears continue to pile on the pressure with their sights firmly on the $60 level
which acted as a pivot area earlier this year. Below here would open the Feb and
ytd lows just below $55. Bulls need to recover the 200-dma at $65.39 to gain
some breathing room, while a break above the $70 level is needed to return the
focus to the upside.

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