(Q19) Upside intact *RES 4: $62.86 -......>

WTI TECHS: (Q19) Upside intact

*RES 4: $62.86 - High May 22

*RES 3: $62.58 - 76.4% retrace of the Apr 23-Jun 5 low

*RES 2: $61.35 - High May 23

*RES 1: $60.94 - High Jul 11

*PRICE: $59.96 @ 07:02 BST Jul 15

*SUP 1: $59.85 - Intraday low

*SUP 2: $58.58 - Trendline support drawn off the Jun 18 low

*SUP 3: $58.35 - Low Jul 10

*SUP 4: $57.29 - Low Jul 9

WTI also resumed its uptrend last week. The break above the former resistance at

$60.28, the high of Jul 1 confirmed this resumption and paves the way for a

climb to $61.35, the high of Jun 23. Note that the 61.8% retracement of the Apr

23-Jun 5 decline at $60.33 has also been cleared. This sets the scene for a

climb towards the 76.4% retracement at $62.58. Support lies at last Wednesday's

$58.35 low. Trendline support drawn off the low of Jun 18 is at 58.58.