(U19) Key resistance at $57.47 *RES 4:....>

WTI TECHS: (U19) Key resistance at $57.47

*RES 4: $61.02 - High Jul 11 and key resistance

*RES 3: $60.17 - High Jul 16

*RES 2: $58.82 - High Jul 31

*RES 1: $56.83/57.47 - Trendline resistance drawn off Jul 15 high / High Aug 13

*PRICE: $55.18 @ 07:18 BST Aug 15

*SUP 1: $53.97 - Low Aug 14

*SUP 2: $51.94 - Low Aug 8

*SUP 3: $50.52 - Aug 7 low and key bear trigger

*SUP 4: $50.00 - Round number support

WTI sold off sharply yesterday. Resistance this week has been found at $57.47, a

level now viewed as an important pivot point. While strong gains since the Aug 7

low have neutralised the recent bearish tone, clearance of $57.47 is required to

reinforce a bullish outlook. This would open $58.82 initially. On the downside,

a move below yesterday's $53.97 low would instead reopen the key support at

$50.52.