(Z19) Remains Under Pressure *RES 4:......>

WTI TECHS: (Z19) Remains Under Pressure

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

*RES 3: $57.31 - Former trendline support drawn off Aug 7 low

*RES 2: $56.92 - High Oct 28

*RES 1: $55.91 - High Oct 29

*PRICE: $55.17 @ 06:39 BST Oct 31

*SUP 1: $54.42 - Low Oct 29 and pivot support

*SUP 2: $53.62 - Low Oct 24

*SUP 3: $52.46 - Low Oct 15

*SUP 4: $51.40 - Low Oct 10

WTI stalled recently at $56.92 and just above 50% of Sep 16 - Oct 3 decline at

$56.82. This does highlight the potential bearish significance of the recent

pullback and yesterday, futures again were under pressure. With the risk for a

deeper pullback, the focus is on yesterday's $54.42 low where a break would open

$53.62 and $52.46, Oct 23/15 lows respectively. A break above $55.91 and more

importantly $56.92 is needed to reinstate a bullish focus.