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NYMEX WTI: (F18) $55.00-75 Support Key....>

OIL TECHS
OIL TECHS: NYMEX WTI: (F18) $55.00-75 Support Key This Week 
*RES 4: $60.05 - High June 30 2015 
*RES 3: $59.08 - Daily bull channel top 
*RES 2: $58.14 - 2017 High Nov 8 
*RES 1: $57.37 - High Nov 13
*PRICE: $56.53 @ 0430GMT
*SUP 1: $56.27 - Hourly resistance Nov 20 now support 
*SUP 2: $55.75 - Low Nov 20 
*SUP 3: $55.52 - 21-DMA 
*SUP 4: $55.00 - Weekly Low Nov 14
*COMMENTARY: The correction lower from 2017 highs found support ahead of the
21-DMA which provided the base for a rally and bullish close Friday. Bulls
currently focus on the $57.37-58.14 region with a close above to pressure the
bull channel top. Bears now need a close below $55.75 to ease bullish pressure
and below $55.00 to confirm a break of the 21-DMA ($55.52) and shift focus to
$52.86-53.96 where the 55-DMA is situated.

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