(X3) Uptrend Remains Intact

• RES 4: $97.08 - 1.236 proj of the Jun 28 - Aug 10 - 24 price swing
• RES 3: $95.00 - Round number resistance
• RES 2: $93.31 - 1.00 proj of the Jun 28 - Aug 10 - 24 price swing
• RES 1: $92.43 - High Sep 19 and the bull trigger
• PRICE: $91.37 @ 07:16 BST Sep 27
• SUP 1: $87.48 - 20-day EMA
• SUP 2: $85.49/83.19 - Low Sep 8 / 50-day EMA
• SUP 3: $77.32 - Low Aug 24
• SUP 4: $73.40 - Low Jul 17

The uptrend in WTI futures remains intact. The contract has recovered from yesterday’s low and this appears to be an early indication of a resumption of the uptrend. Support at the 20-day EMA, at $87.47, remains intact. A break of this average is required to signal scope for a deeper corrective pullback. On the upside, clearance of $92.43, the Sep 19 high, would confirm a resumption of the uptrend and open $93.31, a Fibonacci projection.