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(G20) Consolidating *RES 4: $63.62 -......>

WTI TECHS
WTI TECHS: (G20) Consolidating
*RES 4: $63.62 - 2.236 projection of Nov 20 - Nov 27 rally from Nov 29 low
*RES 3: $62.71 - 2.00 projection of Nov 20 - Nov 27 rally from Nov 29 low
*RES 2: $62.66 - High May 16
*RES 1: $62.34 - High Dec 30
*PRICE: $61.21 @ 06:53 GMT Jan 2
*SUP 1: $60.63 - Low Dec 31
*SUP 2: $60.02 - Low Dec 20 and initial key support
*SUP 3: $59.19 - Low Dec 13
*SUP 4: $58.02 - Low Dec 11
WTI is consolidating but remains bullish with futures likely to continue the
extension of the rally that started in early October and maintaining the bullish
price sequence of higher highs and higher lows. Futures have also traded above
$60.37 recently, Sep 16 high marking a break of a significant resistance and
further reinforcing the bullish theme. Attention is on $62.66, May 16 high and
$62.71, a Fibonacci projection. $60.02 is firm support, Dec 20 low.

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