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NYMEX WTI: (H18) Bears Need Close Below...>

OIL TECHS
OIL TECHS: NYMEX WTI: (H18) Bears Need Close Below $64.87 
*RES 4: $67.95 - Daily Bull channel top 
*RES 3: $66.78 - Bollinger band top 
*RES 2: $66.66 - 2018 High Jan 25 
*RES 1: $65.68 - Hourly resistance Jan 29
*PRICE: $65.03 @ 0430GMT
*SUP 1: $64.87 - Hourly support Jan 24 
*SUP 2: $64.19 - Hourly support Jan 23 
*SUP 3: $63.70 - Low Jan 23 
*SUP 4: $63.45 - 21-DMA
*COMMENTARY: Support emerging on dips last week provided bulls comfort although
the lack of follow through on fresh 2018 and 3+yr highs is a concern when
combined with daily studies looking to correct from O/B. The $64.87 support
remains key this week. Bears need a close below to ease bullish pressure and
then below $62.78 to confirm a break of the 21-DMA and initially focus on
$58.82-60.75 where the 55-DMA ($59.66) is found.

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