(H20) Focus Is On Key Resistance At.......>

WTI TECHS: (H20) Focus Is On Key Resistance At $52.20

*RES 4: $55.95 - High Jan 24l

*RES 3: $54.37 - High Jan 29 and key near-term resistance

*RES 2: $53.36 - High Jan 31

*RES 1: $52.20 - High Feb 6 and bull trigger

*PRICE: $51.45 @ 06:45 GMT Feb 14

*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

WTI last week bounced off $49.31, Feb 4 low. The current focus is on whether a

correction is set to unfold. This will depend on resistance at $52.20, Feb 6

high. If cleared, the evidence would point towards S/T base building and open

$54.37. A failure to clear $52.20 would again highlight this year's bearish

theme with key support at $49.31, the Feb 4 low. A break would confirm a

resumption of the downtrend and open $46.59, a Fibonacci retracement projection.