(U20) Consolidating And Holding Below.....>

WTI TECHS: (U20) Consolidating And Holding Below Key Resistance

*RES 4: $44.38 - Low Mar 2

*RES 3: $42.49 - Low Mar 6 and the gap low on the daily chart

*RES 2: $41.74 - High Jun 23 and key resistance

*RES 1: $41.46 - High Jul 15

*PRICE: $41.00 @ 06:49 BST Jul 21

*SUP 1: $39.31 - Low Jul 14

*SUP 2: $38.77 - Low Jul 10

*SUP 3: $38.13/37.32 - 50-day EMA / Low Jun 25 and the initial bear trigger

*SUP 4: $35.01- Low Jun 15 and key support

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

$41.74, Jun 23 high. We continue to monitor the existence of a bearish threat

following the pullback off $41.73 between Jun 23 - 25. This represented a

failure to extend gains beyond $40.89, Jun 8 high. A turn lower would open

$37.32, Jun 25 low and the next key bear trigger. Clearance of $41.74 would

instead resume the uptrend.