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(U19) Path of least resistance still......>

WTI TECHS
WTI TECHS: (U19) Path of least resistance still down
*RES 4: $61.02 - High Jul 11 and key resistance
*RES 3: $60.17 - High Jul 16
*RES 2: $58.49 - High Jul 17
*RES 1: $57.64 - High Jul 24
*PRICE: $56.25 @ 06:38 BST Jul 26
*SUP 1: $54.85/77 - Low Jul 18 / 61.8% of the Jun 5-Jul 11 rally
*SUP 2: $53.60 - Low Jun 19
*SUP 3: $53.30 - 76.4% retracement of the rally between Jun 5-Jul 11
*SUP 4: $51.85 - Low Jun 18
WTI outlook remains bearish for now. The sharp sell-off that dominated last week
resulted in a break of trendline support, marking 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 $54.77. A clear break of this
level would open the 76.4% retracement at $53.30. On the upside, initial
resistance is at $57.64, Wednesday's high.

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