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NYMEX WTI: (G18) Flirting with 200-WMA ...>

OIL TECHS
OIL TECHS: NYMEX WTI: (G18) Flirting with 200-WMA 
*RES 4: $63.14 - Daily Bull channel top (off Oct low) 
*RES 3: $61.85 - High May 13 2015 
*RES 2: $61.41 - Weekly Bollinger band top 
*RES 1: $60.77 - Daily Bull channel top (off June low)
*PRICE: $60.20 @ 0340GMT
*SUP 1: $60.01 - High Dec 26 now support 
*SUP 2: $59.33 - Low Dec 27 
*SUP 3: $58.99 - Monthly High Nov 24 now support 
*SUP 4: $58.18 - Hourly support Dec 22
*COMMENTARY: The recovery from the dip back towards $55.88 resulted in a close
above $58.99 Tuesday with the contract flirting with the 200-WMA ($60.15). Bulls
look for a close above the bull channel top off June lows to initially target
$61.85-63.14 where monthly highs and the bull channel top off Oct lows are
noted. Bears now look for a close below $59.33 to ease bullish pressure and
below the 21-DMA to pressure the 55-DMA ($56.24).

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