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(X19) Focus is on trendline support.......>

WTI TECHS
WTI TECHS: (X19) Focus is on trendline support
*RES 4: $63.89 - High Sep 16
*RES 3: $62.39 - High Sep 17
*RES 2: $59.49 - High Sep 19 and near-term key resistance
*RES 1: $58.49 - High Sep 24
*PRICE: $56.16 @ 07:39 BST Sep 27
*SUP 1: $55.55 - Low Sep 25
*SUP 2: $54.94 - Trendline support drawn off the Aug 7 low
*SUP 3: $53.93 - Low Sep 12
*SUP 4: $53.65 - Low Sep 4
WTI traded lower this week and has now filled the entire gap left in the chart
by the risk related price spike on Sep 16. Bearish pressure is seen likely to
remain intact for now and attention turns to trendline support at $54.94, drawn
off the Aug 7 low. A break of the trendline would open $53.93. On the upside,
resistance has been defined at $59.49, Sep 19 high. As long as this level
remains intact, the bearish outlook holds.

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