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NYMEX WTI: (F18) Below 21-DMA To Shift....>

OIL TECHS
OIL TECHS: NYMEX WTI: (F18) Below 21-DMA To Shift Focus Lower
*RES 4: $59.13 - Bollinger band top 
*RES 3: $59.05 - 2017 High Nov 24 
*RES 2: $58.37 - Hourly resistance Nov 27 
*RES 1: $58.11 - High Nov 28
*PRICE: $57.71 @ 0245GMT
*SUP 1: $57.42 - Low Nov 28 
*SUP 2: $57.22 - High Nov 21 now support 
*SUP 3: $56.88 - Hourly support 21 Nov 
*SUP 4: $56.70 - 21-DMA
*COMMENTARY: The sell-off Monday negated Friday's gains with focus now on the
$56.70-57.22 support region where the 21-DMA is located. Bears need a close
below the 21-DMA to shift immediate focus to $55.00-75 and overall focus back to
$53.06-96 where the 55-DMA ($53.48) and bull channel base ($53.75) reside. The
$58.37 resistance remains key today with bulls needing a close above to pressure
2017 highs once more.

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