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WTI TECHS: (V19) Holding above............>

WTI TECHS
WTI TECHS: WTI TECHS: (V19) Holding above trendline resistance
*RES 4: $58.86 - High Jul 31
*RES 3: $58.05 - High Aug 1
*RES 2: $57.13/40 - High Aug 21, High Aug 13 and key resistance
*RES 1: $56.89 - High Aug 29
*PRICE: $56.19 @ 07:39 BST Aug 30
*SUP 1: $55.08 - Former trendline resistance now support drawn off the Jul 15
high
*SUP 2: $53.69 - Low Aug 27
*SUP 3: $52.96 - Low Aug 26 and key near-term support
*SUP 4: $51.84 - Low Aug 8
WTI traded back above trendline resistance this week, today at $55.08, and
marking an initial support. An extension higher would open $57.40, the Aug 13
high which is the resistance that ultimately needs to be cleared to confirm a
bullish theme. Recently, price action has failed to overcome the resistance area
offered by the 50-day EMA which currently intersects at $56.10. 

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