NYMEX WTI: (F18) $56.75 Support Remains...>

OIL TECHS: NYMEX WTI: (F18) $56.75 Support Remains Key 

*RES 4: $59.96 - Daily Bull channel top 

*RES 3: $59.05 - 2017 High Nov 24 

*RES 2: $59.01 - Bollinger band top 

*RES 1: $58.40 - Hourly resistance Dec 1

*PRICE: $58.00 @ 0240GMT

*SUP 1: $57.52 - Hourly support Dec 1 

*SUP 2: $57.15 - 21-DMA 

*SUP 3: $56.75 - Low Nov 29 

*SUP 4: $55.75 - Low Nov 20

*COMMENTARY: Dips remained support around the 21-DMA last week but the lack of

topside follow through is a concern for bulls who now look for a close above

$59.05 to reconfirm the bullish bias overall targeting the 200-WMA ($60.41).

Bears need a close below $56.75 to confirm a break of the 21-DMA, shifting

immediate focus to $55.00-75 and overall focus back to $53.96-54.08 where the

55-DMA ($54.02) and bull channel base ($54.08) reside.