(G20) Uptrend Intact *RES 4: $62.71 -.....>

WTI TECHS: (G20) Uptrend Intact

*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: $60.62 @ 06:30 GMT Dec 24

*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

The WTI outlook remains bullish. Last week saw futures extend the rally,

confirming a resumption of the underlying uptrend. Importantly, futures 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.

Note, the $61.17 objective, a Fibonacci projection was achieved Dec 19 . On the

downside, initial support lies at $59.97, Dec 17 low.