(V19) Looking to fill the chart gap.......>

WTI TECHS: (V19) Looking to fill the chart gap

*RES 4: $63.87 - High May 20

*RES 3: $63.34 - Intraday high

*RES 2: $61.32 - High May 23

*RES 1: $60.93 - High Jul 11

*PRICE: $60.00 @ 07:18 BST Sep 16

*SUP 1: $59.37 - Intraday low

*SUP 2: $58.76 - High Sep 10 and gap low

*SUP 3: $58.30 - High Sep 11

*SUP 4: $56.34 - High Sep 12

WTI is volatile following weekend developments in Saudi Arabia. It is difficult

to assess technical readings under such conditions as the market evaluates the

heightened risk concerns. Prices have however retraced almost the entire

overnight spike to $63.34, trading close to the days low of $59.37. This does

signal scope for a retracement. There is a gap in the chart down to $58.76 that

needs to be filled. A move below $59.37 would open $63.78.