WTI TECHS: (Q19) Double bottom............>

OIL TECHS: WTI TECHS: (Q19) Double bottom objective achieved

*RES 4: $62.86 - May 22 high

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

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

*RES 1: $59.93 - High Jun 26

*PRICE: $59.16 @ 06:54 BST Jun 27

*SUP 1: $56.66 - Low Jun 21

*SUP 2: $54.99 - High Jun 10 and key support

*SUP 3: $53.50 - Low Jun 19

*SUP 4: $50.79 - Low June 5

Fresh trend highs were made yday following last week's double bottom reversal

which was confirmed on the break of 54.99, the Jun 10 high. Momentum studies

point north and 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. Note that the

double bottom projection of 59.19 was achieved yday. Clearance of 60.33 would

open the 76.4% retracement at 62.58. Initial support lies at 56.66.