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NYMEX WTI: (H18) Below 21-DMA To Shift....>

OIL TECHS
OIL TECHS: NYMEX WTI: (H18) Below 21-DMA To Shift Focus Lower 
*RES 4: $69.54 - High Dec 1 2014 
*RES 3: $65.17 - Low Dec 5 2014 now resistance 
*RES 2: $64.83 - 2018 High Jan 16 
*RES 1: $64.28 - High Jan 18
*PRICE: $63.97 @ 0330GMT
*SUP 1: $62.78 - Low Jan 19 
*SUP 2: $62.53 - Hourly resistance Jan 8 now support 
*SUP 3: $62.05 - High Jan 4 now support 
*SUP 4: $61.92 - 21-DMA
*COMMENTARY: Support emerging on dips so far this week provides bulls comfort
but a close above $65.17 remains needed to reconfirm a bullish bias targeting
$69.54-73.25 last seen in 2014. Layers of support remain in place. Bears now
need a close below the 21-DMA to end bullish hopes and shift focus back to the
55-DMA ($58.99). Correcting O/B studies remain a concern for bulls.

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