(H19) Bulls Look To Dec 4 High *RES 4:....>

WTI TECHS: (H19) Bulls Look To Dec 4 High

*RES 4: $76.90 - High Oct 17 (continuation chart)

*RES 3: $64.51 - 200-dma (continuation chart)

*RES 2: $57.96 - High Nov 16 (continuation chart)

*RES 1: $54.55 - High Dec 4 (continuation chart)

*PRICE: $53.15 @ 05:59 GMT Jan 23

*SUP 1: $50.38 - Low Jan 14 (continuation chart)

*SUP 2: $49.17 - 21-dma (continuation chart)

*SUP 3: $42.36 - Dec 24 low

*SUP 4: $42.05 - June 21, 2017 (continuation chart)

WTI futures have failed to take out the Dec 4 highs in recent sessions, but the

uptrend from the Dec 24 low remains intact keeping the focus on the upside. A

break above $54.55 would open the Nov 16 high at $57.96 ahead of the 200-dma at

$64.51. Bears need to break below $50 to stabilise the outlook and target a

break of the 21-dma at $49.17. Below here would bring the Dec 24 low at $42.36

back into focus.