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(Z18) Stairstepping Lower *RES 4:........>

WTI TECHS
WTI TECHS: (Z18) Stairstepping Lower 
*RES 4: $76.72 - High Oct 3 
*RES 3: $74.94 - High Oct 10 
*RES 2: $71.42 - 21-dma 
*RES 1: $69.42 - 55-dma 
*PRICE: $66.76 @ 05:50 GMT 
*SUP 1: $65.26 - 200-dma 
*SUP 2: $63.48 - Low Aug 16 
*SUP 3: $62.32 - Low Jun 16 
*SUP 4: $60.00 - Support 
WTI futures continue to look bearish as the contract continues to stairstep
lower towards the 200-dma at$65.26. Up trendline support from the June lows is
also coming in around the $65 level. Below here gives bears further momentum to
target the Aug lows at $63.48.To shift the outlook back to neutral we would need
to see a recovery of the 55-dma at $69.38.

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