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NYMEX WTI: (F18) Bears Need Close Below...>

OIL TECHS
OIL TECHS: NYMEX WTI: (F18) Bears Need Close Below 21-DMA 
*RES 4: $60.05 - High June 30 2015 
*RES 3: $59.41 - Daily bull channel top 
*RES 2: $59.15 - Bollinger band top 
*RES 1: $59.05 - 2017 High Nov 24
*PRICE: $58.71 @ 0430GMT
*SUP 1: $58.15 - High Nov 22 now support 
*SUP 2: $57.75 - Low Nov 23 
*SUP 3: $57.22 - High Nov 21 now support 
*SUP 4: $56.88 - Hourly support 21 Nov
*COMMENTARY: The correction lower from 2017 highs found support ahead of the
21-DMA which provided the base for the current rally. The close above $58.15
confirmed focus on the daily bull channel top with the Bollinger band top the
key concern with potential to limit follow through. Bears need a close below
$57.75 to ease bullish pressure and below $57.22 to shift initial focus back to
the 21-DMA ($56.38).

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