(U19) Pushing against trendline...........>

WTI TECHS: (U19) Pushing against trendline resistance

*RES 4: $60.17 - High Jul 16

*RES 3: $58.82 - High Jul 31

*RES 2: $57.47 - High Aug 13 and key resistance

*RES 1: $56.29/43 - Trendline resistance drawn off the Jul 15 high / High Aug 13

*PRICE: $56.30 @ 06:54 BST Aug 20

*SUP 1: $53.77 - Low Aug 15

*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 has started off the week on a firmer note and is pushing against trendline

resistance at $56.29 and $56.43, the 50-day EMA. The trendline is drawn off the

Jul 15 high and a break of this resistance zone would add a positive note to the

recovery that has been in place since Aug 7. Scope would exist for a climb

towards the $57.47 key resistance, the Aug 13 high. On the downside, support for

today lies $53.47, a break would again refocus attention on $50.52.