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

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

*RES 4: $62.58 - 76.4% retracement of the Apr 23 to Jun 5 decline

*RES 3: $61.98 - 2.618 projection of the Apr 23-Jun 5 decline

*RES 2: $61.35 - High May 23

*RES 1: $60.33 - 61.8% retracement of the Apr 23 to Jun 5 decline

*PRICE: $60.00 @ 07:44 BST Jul 1

*SUP 1: $57.75 - Low Jun 28 and key intraday support

*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 gains achieved last week. 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 at 54.99. Momentum studies point north,

the outlook for bulls continues to look promising. The focus is on the 61.8%

retracement of the Apr 23 to Jun 5 decline at 60.33. Clearance of 60.33 opens

the 76.4% retracement at 62.58. Initial support lies at Friday's low of 57.75.