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(Z18) Mid June Lows Under Threat *RES.....>

WTI TECHS
WTI TECHS: (Z18) Mid June Lows Under Threat
*RES 4: $74.94 - High Oct 10 
*RES 3: $72.29 - High Oct 17 
*RES 2: $70.00 - Resistance area 
*RES 1: $65.38 - 200-dma 
*PRICE: $62.72 @ 05:52 GMT 
*SUP 1: $62.32 - Low Jun 16 
*SUP 2: $60.00 - Support 
*SUP 3: $56.86 - Low Mar 1 
*SUP 4: $54.93 - Low Feb 9 
Bears remain fully in control as the downtrend extends towards the Jun 16 low at
$62.32. Below here would suggest a run at the $60 level and the Feb lows just
below $55. Bulls need to recover the 200-dma at $65.38 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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