(U20) Consolidating But Still Bullish

• RES 4: $48.97 - High Mar 3
• RES 3: $46.76 - High Mar 6
• RES 2: $44.38 - Low Mar 2
• RES 1: $42.51 - High Jul 21 and the bull trigger
• PRICE: $41.15 @ 08:02 BST Jul 29
• SUP 1: $39.97 - Low Jul 20
• SUP 2: $38.77 - Low Jul 1
• SUP 3: $38.75/37.32 - 50-day EMA / Low Jun 25 and reversal trigger
• SUP 4: $35.01- Low Jun 15 and key support

WTI futures continue to consolidate. Last week saw resistance at $41.74
cleared, Jun 23 high. The move confirmed a resumption of the uptrend
that has been in place since Apr 22. Furthermore, moving average
studies are also in a bull mode reinforcing current conditions. Attention is
on $44.38 next, Mar 2 low. Support has been defined at $39.97, Jul 20.
The bull trigger is $42.51, Jul 21 high.