(X19) Has filled the gap *RES 4: $63.89...>

WTI TECHS: (X19) Has filled the gap

*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: $56.46 @ 07:10 BST Sep 26

*SUP 1: $55.55 - Low Sep 25

*SUP 2: $54.82 - 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 yesterday and has now filled the entire gap left in the chart

by the risk related price spike on Sep 16. This follows yesterday's low print of

55.55. Bearish pressure is seen likely to remain intact for now and attention

turns to trendline support at 54.82, 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.