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(G20) Bulls Firmly In Charge *RES 4:......>

WTI TECHS
WTI TECHS: (G20) Bulls Firmly In Charge
*RES 4: $62.71 - 2.00 projection of Nov 20 - Nov 27 rally from Nov 29 low
*RES 3: $62.66 - High May 16
*RES 2: $61.58 - High May 22
*RES 1: $61.40 - High Dec 19
*PRICE: $61.15 @ 06:44 GMT Dec 20
*SUP 1: $59.97 - Low Dec 17
*SUP 2: $59.19 - Low Dec 13
*SUP 3: $58.02 - Low Dec 11 and initial key support
*SUP 4: $57.62 - Low Dec 6
WTI extended its rally once again yesterday confirming a resumption of the
underlying uptrend. Importantly, futures have this week 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. Note, the $61.17
objective, a Fibonacci projection was achieved yesterday. On the downside,
initial support lies at $59.97, Dec 17 low.

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