(Q20) Consolidating And Holding Below.....>

WTI TECHS: (Q20) Consolidating And Holding Below Key Resistance

*RES 4: $44.22 - Low Mar 2

*RES 3: $42.17 - Low Mar 6 and the gap low on the daily chart

*RES 2: $41.63 - High Jun 23 and key resistance

*RES 1: $41.26 - High Jul 16

*PRICE: $40.36 @ 06:35 BST Jul 20

*SUP 1: $39.07 - Low Jul 14

*SUP 2: $38.54 - Low Jul 10

*SUP 3: $37.66/08 - 50-day EMA / Low Jun 25 and the initial bear trigger

*SUP 4: $34.66- Low Jun 15 and key support

WTI futures are consolidating and continue to trade below key resistance at

$41.63, Jun 23 high. We continue to monitor the existence of a bearish threat

following the pullback off $41.63 between Jun 23 - 25. This represented a

failure to extend gains beyond $40.69, Jun 8 high. A turn lower would open

$37.08, Jun 25 low and the next key bear trigger. Clearance of $41.63 would

instead resume the uptrend.