(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: $57.55 - Former trendline support drawn off Aug 7 low

*RES 2: $56.92 - High Oct 28

*RES 1: $55.91 - High Oct 29

*PRICE: $54.28 @ 06:40 BST Nov 1

*SUP 1: $53.62 - Low Oct 23

*SUP 2: $52.46 - Low Oct 15

*SUP 3: $51.40 - Low Oct 10

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

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

$56.82. Selling pressure has dominated this week and this continued during

yesterday's session. With the risk for a deeper pullback still in place, the

focus is on $53.62, Oct 24 low and $52.46, Oct 15 low. Momentum studies continue

to point south reinforcing the current bearish theme. On the upside, initial

resistance is at Tuesday's $55.91 high.