(H2) Trend Conditions Remains Bullish

• RES 4: $95.70 - 2.764 proj of the Dec 2 - 9 - 20 price swing
• RES 3: $95.00 - Round number support
• RES 2: $94.13 - 2.618 proj of the Dec 2 - 9 - 20 price swing
• RES 1: $93.17 - High Jan 4
• PRICE: $89.57 @ 07:13 GMT Feb 11
• SUP 1: $86.83 - 20-day EMA
• SUP 2: $86.34 - Low Jan 31
• SUP 3: $81.90 - Low Jan 24
• SUP 4: $77.34 - Low Jan 10

WTI futures uptrend remains intact and short-term dips are considered corrective. The contract recently cleared resistance at $87.10, Jan 20 high to maintain the bullish price sequence of higher highs and higher lows. Moving average conditions remain in a bull mode too. Futures have cleared the psychological $90.00 handle and this opens $94.13 next, a Fibonacci projection. Key short-term support to watch is seen at $86.34, Jan 31 low.