WTI technical analysis:

From a technical standpoint, WTI is falling away from trendline resistance, smothered below the 200 and 50-day moving average. On the upside, the 60 level is above the trendline resistance aheda of a run to the 64 handle. On the downside, weekly lows at 56.77, 54,50, then the 52 handle and the 14th Jan 50.41 lows guard the 26th November lows at 49.44.