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(X19) Looking to retrace *RES 4: $63.89...>

WTI TECHS: (X19) Looking to retrace
*RES 4: $63.89 - High Sep 16
*RES 3: $62.39 - High Sep 17
*RES 2: $60.50 - Intraday high during the US session, Sep 17
*RES 1: $59.49 - High Sep 19
*PRICE: $58.62 @ 06:53 BST Sep 20
*SUP 1: $57.58 - Low Sep 18
*SUP 2: $56.28 - High Sep 12
*SUP 3: $55.61 - High Sep 13 and gap low
*SUP 4: $53.93 - Low Sep 12
WTI activity is quieter, in contrast to the volatility earlier this week. The
contract is expected to continue unwinding Monday's risk related spike. Prices
earlier this week traded below the Sep 10 high of 58.64 filling an initial gap
in the chart. A deeper sell-off would open 55.61, Sep 13 high to fill the entire
gap in the chart left by Monday's spike. The trigger for a resumption of
weakness is Wednesday's 57.58 low. Initial resistance is 59.49, yday's high.

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