WTI TECHS: (Q19) 61.8% retracement........>

WTI TECHS: WTI TECHS: (Q19) 61.8% retracement within reach

*RES 4: $61.98 - 2.618 projection of the Apr 23-Jun 5 decline

*RES 3: $61.35 - High May 23

*RES 2: $60.33 - 61.8% retracement of the Apr 23 to Jun 5 decline

*RES 1: $59.93 - High Jun 26

*PRICE: $59.18 @ 07:34 BST Jun 28

*SUP 1: $58.61 - Low Jun 27

*SUP 2: $56.66 - Low Jun 21

*SUP 3: $54.99 - High Jun 10 and key support

*SUP 4: $53.50 - Low Jun 19

WTI bulls are holding onto this week's gains. The uptrend remains intact and

continues to be supported by the double bottom reversal that was confirmed on

the recent break of the Jun 10 high former resistance at 54.99. Momentum studies

point north, the outlook for bulls continues to look promising. The focus is on

a move to the 61.8% retracement of the Apr 23 to Jun 5 decline at 60.33. A break

would open the 76.4% retracement at 62.58. Initial support lies at 58.61.