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(G19) Looking For A Bullish Break .......>

WTI TECHS: (G19) Looking For A Bullish Break  
*RES 4: $72.29 - High Oct 17 
*RES 3: $63.18 - 200-dma 
*RES 2: $54.77 - High Dec 4 
*RES 1: $52.28 - 50-dma 
*PRICE: $52.12 @ 6:02 GMT Jan 16 
*SUP 1: $48.10 - 21-dma 
*SUP 2: $42.36 - Dec 24 low 
*SUP 3: $42.05 - June 21, 2017 (continuation chart) 
*SUP 4: $39.26 - Aug 3, 2016 (continuation chart) 
With the $50 level holding firm focus returns to the 50-dma just above current
levels. Above here would mark a bullish trend change, opening the Dec 4 high at
$54.77 ahead of the 200-dma at $63.18. Bears need to break below $50 to
stabilise the outlook and target a break of the 21-dma at $48.10, below which
brings the Dec 24 low at $42.36 back into focus.

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