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NYMEX WTI: (H18) Initial Focus On.........>

OIL TECHS
OIL TECHS: NYMEX WTI: (H18) Initial Focus On $69.54 
*RES 4: $69.54 - High Dec 1 2014 
*RES 3: $66.66 - 2018 High Jan 25 
*RES 2: $66.46 - Bollinger band top 
*RES 1: $65.70 - Hourly support Jan 25 now resistance
*PRICE: $65.40 @ 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: $62.88 - 21-DMA
*COMMENTARY: Support emerging on dips so far this week provides 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
is key today. Bears need a close below to ease bullish pressure and then below
$62.78 to confirm a break of the 21-DMA and initially focusing on $58.82-60.75.

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