Crude oil trading within a $0.15 range in.......>

OIL: Crude oil trading within a $0.15 range in Asia, very flat and last at

$56.87 after nearly going to $58 per barrel on the overnight at $57.92, holding

losses above $56.50 after U.S. crude output figures showed the highest climb in

more than 3 decades and stockpiles surprisingly rose.

- EIA Gas storage change out ET Thurs and Baker Hughes Friday ET

- MNI technical analysis sees support at $56.83 - Low Nov 7 and resistance at

$57.82 - 2017 High Jan 6. Hesitation ahead of the longer-term bull channel top

came to an end Friday with a rally that sees the contract pressuring 2017 highs

and focus now on $57.82-60.75 where the 200-WMA ($60.75) is situated. O/B daily

studies remain the key concern for bulls. Bears continue to look for a close

below $56.28 to ease bullish pressure and below $55.22 to hint at a correction

back to $53.89.