(F20) Bullish Structure *RES 4: $62.80....>

WTI TECHS: (F20) Bullish Structure

*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: $58.95 @ 06:29 GMT Dec 11

*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 is consolidating but remains 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 also 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 resistance, Sep 16 high. Initial support lies

at $57.70, Dec 6 low. The key support however is at $55.02, Nov 29 low.