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NYMEX WTI: (H18) Topside Failures A.......>

OIL TECHS
OIL TECHS: NYMEX WTI: (H18) Topside Failures A Concern 
*RES 4: $68.67 - Daily bull channel top 
*RES 3: $66.66 - 2018 High Jan 25 
*RES 2: $66.30 - High Feb 2 
*RES 1: $65.76 - Hourly resistance Feb 2
*PRICE: $64.77 @ 0530GMT
*SUP 1: $64.47 - Low Feb 2 
*SUP 2: $64.21 - 21-DMA 
*SUP 3: $63.67 - Low Jan 31 
*SUP 4: $62.78 - Low Jan 19
*COMMENTARY: Repeated failures to trouble 2018 highs are a concern for bulls and
risk a correction back to the $60.22-62.05 region where the 55-DMA is located.
Bears now look for a close below $63.67 to confirm a break of the 21-DMA and
shift focus to $60.22-62.05. Bulls continue to look for a close above $66.66 to
shift focus to $68.67-71.27 where daily and weekly bull channel tops are
situated.

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