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

WTI TECHS

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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