(G20) Downside Focus Intact *RES 4:.......>

WTI TECHS: (G20) Downside Focus Intact

*RES 4: $62.95 - 61.8% retracement of the Jan 8 - Jan 13 sell-off

*RES 3: $62.12 - 50.0% retracement of the Jan 8 - Jan 13 sell-off

*RES 2: $61.29 - 38.2% retracement of the Jan 8 - Jan 13 sell-off

*RES 1: $60.31 - High Jan 9

*PRICE: $59.17 @ 06:50 GMT Jan 13

*SUP 1: $58.59 - Intraday low

*SUP 2: $58.05 - 50% retracement of the Oct 3 - Jan 8 rally

*SUP 3: $57.62 - Low Dec 6

*SUP 4: $56.25 - 61.8% retracement of the Oct 3 - Jan 8 rally

WTI is trading at the lower end of last week's range following a volatile week.

Futures last week traded sharply lower off $65.65, Jan 8 high and also traded

below support at $60.63, Dec 31 low to effectively suggest a top has been put in

place for now. The technical outlook signals scope for a deeper pullback

near-term. Further weakness would open $58.05, a retracement level. Initial

resistance is at $60.31, the Jan 9 high.