(Q19) Still soft *RES 4: $61.35 - High....>

WTI TECHS: (Q19) Still soft

*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: $56.06 @ 06:57 BST Jul 22

*SUP 1: $54.72/67 - Low Jul 318 / 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 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.