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(Q19) Bearish threat intact *RES 4:.......>

WTI TECHS
WTI TECHS: (Q19) Bearish threat intact
*RES 4: $61.35 - High May 23
*RES 3: $60.94 - High Jul 11 and key resistance
*RES 2: $60.06 - High Jul 16
*RES 1: $58.36 - High Jul 17
*PRICE: $56.22 @ 06:45 BST Jul 23
*SUP 1: $54.72/67 - Low Jul 18 / 61.8% of the Jun 5-Jul 11 rally
*SUP 2: $53..50 - Low Jun 19
*SUP 3: $53.19 - 76.4% retracement of the rally between Jun 5-Jul 11
*SUP 4: $51.72 - Low Jun 18
WTI cleared trendline support last Tuesday and remains heavy. The sharp sell-off
that dominated last week also resulted in a reversal of the up-trend that had
been in place since the low of Jun 5. Attention is on the 61.8% retracement of
the rally between Jun 5-Jul 11, at $54.67. A clear break of this level would
open the 76.4% retracement at $53.19. On the upside, initial resistance is at
$58.36, the high of Jul 17.

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