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(V19) Holds above channel support *RES....>

WTI TECHS
WTI TECHS: (V19) Holds above channel support
*RES 4: $60.93 - High Jul 11
*RES 3: $60.26 - Bull channel top drawn off Aug 7 low
*RES 2: $58.76/86 - High Sep 10 / High Jul 31
*RES 1: $56.34 - High Sep 12
*PRICE: $55.17 @ 06:55 BST Sep 13
*SUP 1: $54.00 - Low Sep 12
*SUP 2: $53.88 - Channel base drawn off the Aug 7 low
*SUP 3: $52.84 - Low Sep 3 and key support
*SUP 4: $51.84 - Low Aug 8
WTI faced strong selling pressure again yesterday, maintaining the volatile tone
that has been in place since the Aug 7 low. Price action remains above support
defined by the bull channel base, drawn off the Aug 7 low that intersects at
$53.88 today. This levels needs to hold to avoid a deeper sell-off a break would
expose. On the upside, initial resistance is at yesterday's $56.34 high however,
a move above Tuesday's $58.76 high is required to get bulls excited.

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