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(G20) Consolidating *RES 4: $65.09 -......>

WTI TECHS
WTI TECHS: (G20) Consolidating
*RES 4: $65.09 - 2.618 projection of Nov 20 - Nov 27 rally from Nov 29 low
*RES 3: $64.64 - 2.500 projection of Nov 20 - Nov 27 rally from Nov 29 low
*RES 2: $64.18 - 2.382 projection of Nov 20 - Nov 27 rally from Nov 29 low
*RES 1: $63.84 - Intraday high
*PRICE: $62.85 @ 07:11 GMT Jan 3
*SUP 1: $61.13 - Intraday low
*SUP 2: $60.63 - Low Dec 31
*SUP 3: $60.02 - Low Dec 20 and initial key support
*SUP 4: $59.19 - Low Dec 13
WTI has rallied today reinforcing underlying bullish conditions as the trend
that has been in place since the early October lows extends. Furthermore, the
bullish price sequence of higher highs and higher lows remains intact. Futures
have also recently traded above $60.37, Sep 16 high marking a break of a
significant resistance and further reinforcing the bullish theme. Attention is
on $65.09 next, a Fibonacci projection. Key support lies at $60.63.

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