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WTI TECHS
WTI TECHS: (F20) Bulls Pause For Breath
*RES 4: $61.44 - High Sep 16 and primary resistance
*RES 3: $60.83 - High Sep 17
*RES 2: $58.90 - 76.4% retracement of Sep 16 - Oct 3 decline
*RES 1: $58.76 - High Nov 21
*PRICE: $57.88 @ 06:43 GMT Nov 26
*SUP 1: $56.60 - Low Nov 21
*SUP 2: $54.85 - Low Nov 20 and key support
*SUP 3: $53.84 - Low Oct 31
*SUP 4: $52.85 - Low Oct 21
WTI remains bullish following the strong bounce on Nov 20. This recovery
resulted in a break of resistance and bull trigger at $58.17 Nov 18 high. The
break confirms a resumption of the uptrend and opens $58.90 next, 76.4%
retracement of Sep 16 - Oct 3 decline. Clearance of this retracement would open
$61.44, Sep 16 high and the primary resistance. Key support has been defined at
$54.85, Nov 20 low.