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(G20) Bullish Extension *RES 4: $62.66....>

WTI TECHS
WTI TECHS: (G20) Bullish Extension
*RES 4: $62.66 - High May 16
*RES 3: $61.58 - High May 22
*RES 2: $61.21 - 1.618 projection of Nov 20 - Nov 22 rally from Nov 29 low
*RES 1: $60.97 - High Dec 17
*PRICE: $60.37 @ 06:55 GMT Dec 18
*SUP 1: $59.19 - Low De 13
*SUP 2: $58.02 - Low Dec 11 and initial key support
*SUP 3: $57.62 - Low Dec 6
*SUP 4: $56.21 - Low Dec 4
WTI extended its rally yesterday confirming once again a resumption of the
underlying uptrend. Importantly, futures have traded above $60.37, Sep 16 high
marking the break of a significant resistance and further reinforcing the
bullish theme. Attention turns to $62.66, May 16 high. The initial objective is
$61.17, a Fibonacci projection. On the downside, support lies at $59.19, Dec 13
low ahead of the key $58.02 support, low Dec 11.

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