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

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

*RES 4: $59.05 - 2017 High Nov 24 

*RES 3: $58.94 - Bollinger band top 

*RES 2: $58.40 - Hourly resistance Dec 1 

*RES 1: $58.02 - Hourly resistance Dec 4

*PRICE: $57.40 @ 0430GMT

*SUP 1: $57.08 - Low Dec 5 

*SUP 2: $56.75 - Low Nov 29 

*SUP 3: $55.75 - Low Nov 20 

*SUP 4: $55.00 - Weekly Low Nov 14

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

topside follow through is a concern for bulls who 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 $53.96-54.30 where the 55-DMA ($54.26)

and bull channel base ($54.30) reside.