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

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: $60.48 - High Dec 13

*PRICE: $60.22 @ 06:22 GMT Dec 17

*SUP 1: $58.11 - Low Dec 12 and initial key support

*SUP 2: $57.70 - Low Dec 6

*SUP 3: $56.28 - Low Dec 4

*SUP 4: $55.02 - Low Nov 29 and key support

WTI is unchanged and remains bullish. Friday saw futures extend gains above the

former resistance of $59.85, Dec 12 high. The break confirms a resumption of the

uptrend that has been in place since the October 3 low of $50.69 and maintains

the bullish price sequence of higher highs and higher lows. This opens the key

$61.44 level, Sep 16 high. Initial support lies at $58.11, Dec 12 low. A break

would signal scope for a deeper corrective pullback.