WTI TECHS: (V19) Still in a range *RES....>

WTI TECHS: WTI TECHS: (V19) Still in a range

*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: $56.10 @ 07:13 BST Sep 5

*SUP 1: $53.84 - Low Sep 4

*SUP 2: $52.82 - Low Sep 3

*SUP 3: $51.84 - Low Aug 8

*SUP 4: $50.50 - Low Aug 7 and bear trigger

WTI failed to hold onto yesterday's low and rallied sharply higher. Price action

however continues to trade within its broad range defined by key resistance at

$57.40 on the upside and Tuesday's low of $52.84. A move below the latter would

pave the way for a test of major support and the bear trend trigger at $50.50,

the low of Aug 7. Clearance of $57.40, the Aug 13 high however is required to

trigger a bullish turn.