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(X19) Path Of Least Resistance Remains....>

WTI TECHS
WTI TECHS: (X19) Path Of Least Resistance Remains Down
*RES 4: $58.49 - High Sep 24
*RES 3: $57.02 - High Sep 25 and initial key resistance
*RES 2: $55.44 - Former trendline support drawn off Aug 7 low
*RES 1: $53.93 - Sep 12 low
*PRICE: $52.80 @ 06:31 BST Oct 3
*SUP 1: $52.17 - Low Oct 2
*SUP 2: $51.71 - Low Aug 8
*SUP 3: $50.48 - Low Aug 7 and key support
*SUP 4: $50.00 - Round number support
WTI saw further selling pressure unfold yesterday. A number of key support
levels have been cleared along the way, the latest victim being $52.71, Sep 3
low. The trend remains bearish and further downside is likely near-term. The
focus is on the Aug 7 low of $50.48 which also represents the next major
support. On the upside, resistance for now is at $53.93 ahead of the former
trendline support-now-resistance, drawn off the Aug 7 low at $55.44.

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