(X19) Vulnerable near-term *RES 4:........>

WTI TECHS: (X19) 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: $58.71 @ 06:39 BST Sep 23

*SUP 1: $57.58 - Low Sep 18 and key S/T bear trigger

*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 continues to trade within its recently established range. The contract is

expected to continue unwinding the recent risk related spike. Prices last week

trade 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 spike on Sep 16. The trigger for a

resumption of weakness is 57.58. Initial resistance is 59.49, Sep 19 high.