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NYMEX WTI: (G18) Bulls Focused On.........>

OIL TECHS
OIL TECHS: NYMEX WTI: (G18) Bulls Focused On $63.56-65.17 
*RES 4: $65.17 - Low Dec 5 2014 now resistance 
*RES 3: $63.56 - Daily Bull channel top (off Oct low) 
*RES 2: $62.58 - 2015 High May 6 2015 
*RES 1: $62.50 - Weekly Bollinger band top
*PRICE: $61.88 @ 0330GMT
*SUP 1: $61.23 - Hourly support Jan 3 
*SUP 2: $60.77 - Hourly support Jan 3a 
*SUP 3: $59.82 - Low Dec 29 
*SUP 4: $59.33 - Low Dec 27
*COMMENTARY: Bulls take comfort as gains above the 200-WMA $60.06 continue. O/B
studies looking to correct remain the key concern for bulls. In saying that,
bears now need a close below $60.77 to ease bullish pressure and below $59.82 to
shift immediate focus back to the bull channel base ($58.18) & 21-DMA ($58.46).
Bulls now focus on the bull channel top and the $65.17 resistance above.

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