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NYMEX WTI: (H18) Remains Offered *RES....>

OIL TECHS
OIL TECHS: NYMEX WTI: (H18) Remains Offered 
*RES 4: $65.76 - Hourly resistance Feb 2 
*RES 3: $65.40 - High Feb 5 
*RES 2: $64.47 - Low Feb 2 now resistance 
*RES 1: $64.26 - 21-DMA
*PRICE: $63.32 @ 0330GMT
*SUP 1: $62.78 - Low Jan 19 
*SUP 2: $62.05 - High Jan 4 now support 
*SUP 3: $60.75 - High Jan 2 now support 
*SUP 4: $60.50 - 55-DMA
*COMMENTARY: Repeated failures to trouble 2018 highs are a concern for bulls and
risks a correction back to the $60.37-62.05 region where the 55-DMA is located.
Bears now look for a close below $62.78 to add weight to their case. Daily
studies are well placed for a fresh leg lower. Bulls now need a close above
$64.47 to ease bearish pressure and above $65.43 to reconfirm initial focus on
2018 highs.

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