WTI TECHS: (V4) Watching Resistance 

• RES 4: $83.45 - High Apr 12 and a medium-term bull trigger
• RES 3: $82.62 - High Jul 5 
• RES 2: $80.82 - High Jul 18  
• RES 1: $78.54 - High Aug 12 and key resistance     
• PRICE: $76.20 @ 07:14 BST Aug 30
• SUP 1: $73.82/70.88 - Low Aug 28 / Low Aug 5 and the bear trigger   
• SUP 2: $70.43 - Low Feb 5
• SUP 3: $68.92 - Low Dec 13 2023
• SUP 4: $66.66 - 1.382 proj of the Apr 12 - Jun 4 - Jul 5 price swing 

WTI futures have recovered this month from their early August lows. More recently, the contract  traded sharply higher Monday before pulling back. A stronger resumption of gains would refocus attention on key resistance at $78.54, the Aug 12 high. Clearance of this level would highlight a stronger bullish reversal. For bears, an extension lower would once again expose the $70.88 key support, Aug 5 low.