G20) Heading North *RES 4: $63.62 -.......>

WTI TECHS: G20) Heading North

*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: $61.87 - Intraday high

*PRICE: $60.62 @ 06:30 GMT Dec 24

*SUP 1: $60.02 - Low Dec 20

*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

The WTI outlook remains bullish. Last week and this week, futures have continued

to extend the broader rally, maintaining the bullish sequence of higher highs

and higher lows. Importantly, futures have also traded above $60.37, Sep 16 high

marking a break of a significant resistance and further reinforcing the bullish

theme. Attention turns to $62.66, May 16 high and $62.71, a Fibonacci

projection. On the downside, initial support lies at $60.02, Dec 20 low.