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NYMEX WTI: (F18) Above $58.15 Targets.....>

OIL TECHS
OIL TECHS: NYMEX WTI: (F18) Above $58.15 Targets Bull Channel Top 
*RES 4: $60.05 - High June 30 2015 
*RES 3: $59.30 - Daily bull channel top 
*RES 2: $58.85 - Bollinger band top 
*RES 1: $58.15 - 2017 High Nov 8
*PRICE: $57.90 @ 0245GMT
*SUP 1: $57.22 - High Nov 21 now support 
*SUP 2: $56.88 - Hourly support 21 Nov 
*SUP 3: $56.27 - Hourly resistance Nov 20 now support 
*SUP 4: $56.05 - 21-DMA
*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. Gains this
week see bulls focused on the close above $58.15 needed to initially target the
daily bull channel top. Bears need a close below $55.75 to confirm a break of
the 21-DMA and below $55.00 to shift focus to $53.06-96 where the 55-DMA and
daily bull channel base are situated.

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