(X19) Still vulnerable near-term *RES.....>

WTI TECHS: (X19) Still vulnerable near-term

*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: $58.42 @ 06:53 BST Sep 24

*SUP 1: $57.37 - Low Sep 23

*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 traded lower yday but has returned to trade within its recently established

range. The contract is still expected to unwind the recent risk related spike.

Prices last week traded below the Sep 10 high of 58.64 following the pullback

off 63.89, 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 the Sep 16 spike.

The trigger for a resumption of weakness is 57.58. Initial resistance is 59.49.