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(F20) Bullish Structure In Place *RES.....>

WTI TECHS
WTI TECHS: (F20) Bullish Structure In Place
*RES 4: $62.80 - 2.00 projection of Nov 20 - Nov 22 rally from Nov 29 low
*RES 3: $61.44 - High Sep 16 and primary resistance
*RES 2: $60.83 - High Sep 17
*RES 1: $59.85 - High Dec 6 and bull trigger
*PRICE: $59.54 @ 07:21 GMT Dec 13
*SUP 1: $57.70 - Low Dec 6
*SUP 2: $56.28 - Low Dec 4
*SUP 3: $55.02 - Low Nov 29 and key support
*SUP 4: $54.85 - Low Nov 20
WTI remains in a consolidation mode but still bullish having recently cleared
the key resistance and bull trigger at $58.74, Nov 22 high and $58.90, 76.4% of
Sep 16 - Oct 3 decline. The clear break of this resistance zone confirms a
resumption of the uptrend that has been in place since the October 3 low of
$50.69. This opens the key $61.44 level, Sep 16 high. Initial support lies at
$57.70, Dec 6 low. The key support however is at $55.02, Nov 29 low.

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