(V19) Looking for a range breakout *RES...>

WTI TECHS: (V19) Looking for a range breakout

*RES 4: $60.13 - High Jul 16

*RES 3: $58.86 - High Jul 31

*RES 2: $58.05 - High Aug 1

*RES 1: $57.76 - High Sep 5 and key intraday resistance

*PRICE: $57.12 @ 07:03 BST Sep 9

*SUP 1: $54.83 - Low Sep 6

*SUP 2: $53.84 - Low Sep 4

*SUP 3: $52.84 - Low Sep 3

*SUP 4: $50.50 - Low Aug 7 and bear trigger

WTI did manage a break of the former key resistance at $57.40 Thursday, however

it failed to hold onto the days high. Price action is again pushing higher and

attention turns to resistance at $57.76. A break of this level, marking

Thursday's high, would confirm a breakout of broad range between $57.40 and

$52.84 prices have recently traded within. This would open $58.86 initially.

Support lies at $54.83, the Sep 6 low. A break would maintain the neutral tone.