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(Z18) Downtrend Strengthening *RES 4:.....>

WTI TECHS
WTI TECHS: (Z18) Downtrend Strengthening
*RES 4: $74.94 - High Oct 10 
*RES 3: $72.29 - High Oct 17 
*RES 2: $70.00 - Resistance area 
*RES 1: $65.36 - 200-dma 
*PRICE: $59.04 @ 05:49 GMT 
*SUP 1: $56.86 - Low Mar 1 
*SUP 2: $54.93 - Low Feb 9 
*SUP 3: $51.00 - Up trendline support from Jan 2016 lows 
*SUP 4: $45.51 - Low Jun 21, 2017 
The $60 level gave way yesterday which strengthens the downtrend and puts the
focus on the Feb and ytd lows just below $55. Bulls need to recover the 200-dma
at $65.36 to shift the outlook neutral, while a break above the $70 level is
needed to return the focus to the upside. For now though the bears are firmly in
control and despite looking oversold there are few signs of a bottom. 

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