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WTI TECHS (G19) Bear Market Bounce?.....>

COMMODITIES
COMMODITIES: WTI TECHS (G19) Bear Market Bounce?
*RES 4: $72.29 - High Oct 17
*RES 3: $65.58 - 200-dma
*RES 2: $54.77 - High Dec 4
*RES 1: $50.83 - 21-dma
*PRICE: $45.13 @ 14:55 GMT Dec 28
*SUP 1: $45.58 - Low Aug 31, 2017 (continuation chart)
*SUP 2: $42.05 - June 21, 2017 (continuation chart)
*SUP 3: $39.26 - Aug 3, 2016 (continuation chart)
*SUP 4: $38.00 - Bear channel bottom
WTI gained today after yesterday's minor correction, bears are still looking
towards the August 31 2017 lows at $45.58 on the continuation chart. Bulls would
need to recover the 21-dma, currently at $50.83 to improve the outlook. Above
here would allow a challenge of the Dec 4 high ahead of a run at the 200-dma.

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