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NYMEX WTI: (H18) $62.78-63.83 Support.....>

OIL TECHS
OIL TECHS: NYMEX WTI: (H18) $62.78-63.83 Support Now Key 
*RES 4: $69.54 - High Dec 1 2014 
*RES 3: $66.66 - 2018 High Jan 25 
*RES 2: $65.68 - Hourly resistance Jan 29 
*RES 1: $65.19 - Hourly resistance Jan 30
*PRICE: $64.80 @ 0530GMT
*SUP 1: $63.83 - 21-DMA 
*SUP 2: $63.67 - Low Jan 31 
*SUP 3: $62.78 - Low Jan 19 
*SUP 4: $62.05 - High Jan 4 now support
*COMMENTARY: The 21-DMA is currently supporting as daily studies correcting from
O/B add weight to the bearish case. Bears now look for a close below $63.67 to
confirm a break of the 21-DMA and below $62.78 to initially focus on
$58.82-60.75 where the 55-DMA ($60.05) is found. Bulls now look for a close
above $65.68 to reconfirm focus on $69.54 (Dec 1 2014 high). Above $69.54
targets $71.08-73.25.

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