(H20) $52.20 Key Resistance Breached......>

WTI TECHS: (H20) $52.20 Key Resistance Breached

*RES 4: $57.36/42 - 50% retracement of the Jan 8 - Feb 4 decline/ Low Jan 15

*RES 3: $55.46 - 38.2% retracement of the Jan 8 - Feb 4 decline

*RES 2: $54.37 - High Jan 29 and key near-term resistance

*RES 1: $53.36 - High Jan 31

*PRICE: $52.17 @ 08:09 GMT Feb 19

*SUP 1: $49.31 - Low Feb 4 and key bear trigger

*SUP 2: $46.59 - 123.6% retracement projection of the Oct 3 - Jan 8 rally

*SUP 3: $44.37 - 138.2% retracement projection of the Oct 3 - Jan 8 rally

*SUP 4: $42.57 - 150.0% retracement projection of the Oct 3 - Jan 8 rally

Key resistance at $52.20 the Feb 6 high has been cleared, adding to the building

evidence that a short-term base is building. This shifts focus to the and open

$54.37, the Jan 29 high. As with Brent, momentum studies continue to support a

move higher. $52.20 remains a pivotal level with a bullish acceleration as long

as we remain above this level. A move back below here would however again

highlight this year's bearish theme with key support at $49.31, the Feb 4 low.