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(G20) Volatile But Uptrend Remains........>

WTI TECHS
WTI TECHS: (G20) Volatile But Uptrend Remains Intact
*RES 4: $67.47 - 3.236 projection of Nov 20 - Nov 27 rally from Nov 29 low
*RES 3: $67.00 - Round number resistance
*RES 2: $66.56 - 3.000 projection of Nov 20 - Nov 27 rally from Nov 29 low
*RES 1: $65.65 - 2.764 projection of Nov 20 - Nov 27 rally from Nov 29 low
*PRICE: $63.27 @ 06:48 GMT Jan 8
*SUP 1: $62.11 - Low Jan 7
*SUP 2: $61.13 - Low Jan 3
*SUP 3: $60.63 - Low Dec 31 and key support
*SUP 4: $60.02 - Low Dec 20
WTI rallied higher overnight before selling off sharply. Price action remains
volatile however despite this volatility, a bullish outlook is maintained. This
follows the recent break of $62.34, Dec 30 high that confirmed a resumption of
the uptrend that has been in place since early October. The focus is on $65.65
next, a Fibonacci projection level and the overnight high. Initial support has
been defined at $62.11, the Jan 7 low.

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