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

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.