WTI: Technical indicators trending lower - BBH

Light sweet crude for May delivery fell 4.6% last week, bringing the two- week slide to 6%, notes the research team at BBH. 

Key Quotes

“It closed at its lowest level since March 19, a below the $62 support, which is also where a trendline off the mid-February and mid-March highs was found.  The technical indicators are trending lower.  The next support is seen near $60.   A break of $58 would warn of risk toward $50.”