WTI technical analysis: holds the 200-D EMA while bears eye 200 weekly EMA

• WTI is consolidating above the 200-Experiential Moving Average.
• Bears look  to the 200 weekly EMA (last week’s low).

WTI is consolidating above the 200-Experiential Moving Average still and has eyes for the $60 psychological figure which correlates with trend line resistance. Bulls will also look to the 63.79 swing highs. However, on a break the weekly lows at 56.77, eyes will turn to the 200 weekly EMA (last week’s low) and the 61.8% Fibo around the 52 handle. There would then be prospects for a correction to back towards the14th Jan 50.41 low and then the 26th November lows at 49.44.