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(F20) Holding Above Friday's Low *RES.....>

WTI TECHS
WTI TECHS: (F20) Holding Above Friday's Low
*RES 4: $60.83 - High Sep 17
*RES 3: $58.90 - 76.4% retracement of Sep 16 - Oct 3 decline
*RES 2: $58.74 - High Nov 22
*RES 1: $56.80 - High Dec 3
*PRICE: $56.46 @ 06:28 GMT Dec 4
*SUP 1: $55.02 - Low Nov 29
*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 is consolidating in a somewhat choppy manner following Friday's sharp
sell-off. The pullback has undermined the recent bullish theme that has been in
place since Oct 3. For a positive tone to return, prices need to reclaim
territory lost Friday and move towards $58.00. The key resistance and bull
trigger is at $58.74, Nov 22 high where a break would resume the uptrend.
Weakness below Friday's low of $55.02 would instead open $54.85 and below.

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