(Q20) Fresh High Print *RES 4: $46.19 -...>

WTI TECHS: (Q20) Fresh High Print

*RES 4: $46.19 - 61.8% retracement of the Jan - Apr sell-off

*RES 3: $44.22 - Low Mar 2

*RES 2: $42.17 - Low Mar 6 and the gap low on the daily chart

*RES 1: $41.63 - High Jun 23

*PRICE: $40.25 @ 06:49 BST Jun 24

*SUP 1: $39.00 - Low Jun 22

*SUP 2: $37.40 - Low Jun 18

*SUP 3: $35.27/34.66 - 50-day EMA / Low Jun 15

*SUP 4: $31.63 - Low May 28

WTI futures continued to grind higher yesterday and managed a fresh high print.

The break of $40.69, Jun 8 high confirms a resumption of the uptrend however a

convincing break is still required to completely remove any recent bearish

concerns following the break on Jun 11 of trendline support drawn off the Apr 22

low. An extension higher would open $42.17, low Mar 6 and a gap high on the

daily chart. Key trend support lies at $34.66, Jun 15 low.