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(X19) Bearish Below Trendline *RES 4:.....>

WTI TECHS
WTI TECHS: (X19) Bearish Below Trendline
*RES 4: $59.49 - High Sep 19 and near-term key resistance
*RES 3: $58.49 - High Sep 24
*RES 2: $57.02 - High Sep 25 and initial key resistance
*RES 1: $55.31 - Former trendline support drawn off Aug 7 low
*PRICE: $54.36 @ 06:38 BST Oct 2
*SUP 1: $53.05 - Low Oct
*SUP 2: $52.71 - Low Sep 3
*SUP 3: $51.71 - Low Aug 8
*SUP 4: $50.48 - Low Aug 7 and key support
WTI remains bearish following this weeks move lower extending the decline that
has been in place since finding resistance at $63.89 on Sep 16. Trendline
support drawn off the Aug 7 low has been breached, and this reinforces the
current bearish theme with the focus on a move down to support at $52.71 next,
Sep 3 low. Resistance is at $57.02, Sep 25 high. A return above this level is
required to ease the bearish pressure.

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