(U20) Holding Below The Recent High

• RES 4: $48.97 - High Mar 3
• RES 3: $46.76 - High Mar 6
• RES 2: $44.38 - Low Mar 2
• RES 1: $42.51 - High Jul 21 and the bull trigger
• PRICE: $41.22 @ 06:52 BST Jul 27
• SUP 1: $39.97 - Low Jul 20
• SUP 2: $38.77 - Low Jul 1
• SUP 3: $38.63/37.32 - 50-day EMA / Low Jun 25 and reversal trigger
• SUP 4: $35.01- Low Jun 15 and key support

WTI futures remain bullish although for now resistance at $42.51, Jul 21
high is holding firm. Last week saw resistance at $41.74 cleared, Jun 23
high. The move confirmed a resumption of the uptrend that has been in
place since Apr 22. Furthermore, moving average studies are also in a
bull mode reinforcing current conditions. Attention is on $44.38 next, Mar
2 low. Support has been defined at $39.97, Jul 20.