(G20) Still Heading North *RES 4:.........>

WTI TECHS: (G20) Still 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: $62.34 - High Dec 30

*PRICE: $61.56 @ 06:37 GMT Dec 31

*SUP 1: $61.09 - Low Dec 30

*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 traded in a choppy manner yesterday but remains bullish with futures

continuing to extend the rally that started in early October, 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.