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WTI TECHS (G19) Extending The Uptrend...>

COMMODITIES
COMMODITIES: WTI TECHS (G19) Extending The Uptrend
*RES 4: $72.29 - High Oct 17
*RES 3: $65.25 - 200-dma
*RES 2: $54.77 - High Dec 4
*RES 1: $48.44 - Intraday high
*PRICE: $48.16 @ 15:09 GMT Jan 4
*SUP 1: $42.36 - Dec 24 low
*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 extends the recent uptrend with bulls looking for a weekly close above the
$48.00 level. A break of the Dec 4 high at $54.77 changes the outlook, opening
the 100 & 200-dma's at $62.20/65.25 respectively. Bears target a break of the
Dec 24 low at $42.36, below here opens multi-month lows at $42.05.

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