(X19) Heading south *RES 4: $63.89 -......>

WTI TECHS: (X19) Heading south

*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: $56.96 @ 07:01 BST Sep 25

*SUP 1: $56.67 - Intraday low

*SUP 2: $56.28 - High Sep 12

*SUP 3: $55.61 - High Sep 13 and gap low

*SUP 4: $54.69 - Trendline support drawn off the Aug 7 low

WTI traded lower yesterday and continues to gradually fill the gap left in the

chart by the risk related price spike on Sep 16. The focus is on $55.61, Sep 13

high where a print would fill the gap in the chart. Resistance has been defined

at $59.49, Sep 19 high. As long as this level remains intact, the bearish

outlook holds. Further out, a move below $55.61 would open trendline support

drawn off the Aug 7 low. The trendline intersects at $54.69.