(F20) Recovers Recent Losses *RES 4:......>

WTI TECHS: (F20) Recovers Recent Losses

*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: $58.74 - High Nov 22

*PRICE: $58.13 @ 06:50 GMT Dec 5

*SUP 1: $56.28 - Low Dec 4

*SUP 2: $55.02 - Low Nov 29

*SUP 3: $54.85 - Low Nov 20 and key support

*SUP 4: $53.84 - Low Oct 31

WTI rallied sharply yesterday negating the sell-off on Nov 29. The pullback

refocuses attention once again on the key resistance and bull trigger at $58.74,

Nov 22 high and $58.90, 76.4% of Sep 16 - Oct 3 decline. A break of this zone

would resume the uptrend and open the key $61.44 resistance, Sep 16 high.

Markets have been choppy of late and a move lower would question the bullish

case. Weakness below $55.02, Nov 29 low would instead be bearish.