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WTI TECHS: (Q19) Bullish tone extends.....>

OIL TECHS
OIL TECHS: WTI TECHS: (Q19) Bullish tone extends
*RES 4: $62.86 - May 22 high
*RES 3: $60.33 - 61.8% retracement of the Apr 23 to Jun 5 decline
*RES 2: $59.80 - High May 30
*RES 1: $59.19 - Double bottom projection
*PRICE: $59.07 @ 07:18 BST Jun 26
*SUP 1: $56.66 - Low Jun 21
*SUP 2: $54.99 - High Jun 10
*SUP 3: $53.50 - Low Jun 19
*SUP 4: $50.79 - Low June 5
WTI has pushed higher today printing fresh trend highs. This follows last week's
double bottom reversal confirmed on the break of former resistance at 54.99, the
Jun 10 high. With momentum studies pointing north, the outlook for bulls looks
promising. The focus is on a rally to the 61.8% retracement of the Apr 23 to Jun
5 decline at $60.33. Note that the double bottom projection is at $59.19 and is
now within striking distance.

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