WTI TECHS: (V19) Still range-bound *RES...>

OIL TECHS: WTI TECHS: (V19) Still range-bound

*RES 4: $60.13 - High Jul 16

*RES 3: $58.86 - High Jul 31

*RES 2: $58.05 - High Aug 1

*RES 1: $57.76 - High Sep 5 and key intraday resistance 

*PRICE: $56.28 @ 07:15 BST Sep 6

*SUP 1: $53.84 - Low Sep 4

*SUP 2: $52.84 - Low Sep 3

*SUP 3: $51.84 - Low Aug 8

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

WTI did manage a break of resistance at $57.40 however failed to hold onto the

days high. Price action continues to trade within its broad range defined by

$57.40 on the upside and Tuesday's low of $52.84. A break above yesterday's high

of $57.76 would confirm a break out of the range and open $58.86, the Jul 31

high. A failure to hold onto highs would refocus attention on $52.84 where a

break would expose the bear trend trigger at $50.50, Aug 7 low.