Crude is on track to lodge a loss for the.......>

OIL: Crude is on track to lodge a loss for the week, trading broadly unchanged

in Asia, with WTI hovering around $61.20 & Brent trading just above $65.00.

- US production has been the issue that has weighed on crude this week, with

immediate focus on this evening's weekly Baker Hughes rig count data.

- For WTI support has emerged on dips back towards the key $59.18-91 support

region this week but layers of resistance $62.09-64.07 where the 55-DMA and bear

channel top ($62.67) are located remain key. Bulls need a close above $64.07 to

return focus to 2018 highs. Bears continue to look for a close below $59.18 to

hint at a move back to $54.10-55.90 with below $57.60 to confirm.