(Z19) Bullish Price Sequence Intact.......>

WTI TECHS: (Z19) Bullish Price Sequence Intact

*RES 4: $58.21 - 61.8% retracement of Sep 16 - Oct 3 decline

*RES 3: $56.96 - Former trendline support drawn off Aug 7 low

*RES 2: $56.80/82 - High Sep 25 / 50.0% of Sep 16 - Oct 3 decline

*RES 1: $56.51 - High Oct 24

*PRICE: $55.87 @ 06:18 BST Oct 25

*SUP 1: $53.62 - Low Oct 24

*SUP 2: $52.46 - Low Oct 15 and key near-term support

*SUP 3: $51.40 - Low Oct 10

*SUP 4: $50.89 - Low Oct 3 and key support

WTI traded higher again yesterday. The outlook remains bullish following this

weeks breach of former resistance at $54.99 and the 38.2% retracement of Sep 16

- Oct 3 decline at $55.42. The break higher paves the way for further upside

with the focus on the 50% retracement at $56.82 next. A clear bullish price

sequence of higher highs and higher lows has also been established, reinforcing

the bullish theme. Support is at $53.62, Wednesday's low.