(Z20) Gains Stall At Tuesday's High

• RES 4: $44.33 - High Aug 26
• RES 3: $43.84 - Sep 2 high
• RES 2: $42.58 - 76.4% retracement of the Aug 26 - Oct 2 sell-off
• RES 1: $41.90/42.02 - High Oct 20 / High Sep 18 and the bull trigger
• PRICE: $39.86 @ 06:47 BST Oct 22
• SUP 1: $39.36 - Low Oct 12
• SUP 2: $38.10 - 76.4% retracement of the Oct 2 - 20 rally
• SUP 3: $36.93 - Low Oct 2 and the bear trigger
• SUP 4: $35.72 - Low Jun 12

WTI futures have stalled this week at $41.90, Oct 20 high. The sharp pullback refocuses attention on the key near-term support at $39.36, Oct 12 low. A break of this level would highlight a bearish development and signal scope for a deeper pullback potentially towards the $36.93 low from Oct 2. This low also represents the bear trigger. On the upside, resistance and the level that needs to be cleared to trigger stronger gains is $39.36.