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NYMEX WTI: (J18) 55 & 100-DMAs Key .......>

OIL TECHS: NYMEX WTI: (J18) 55 & 100-DMAs Key 
*RES 4: $62.63 - Low Jan 19 now resistance 
*RES 3: $61.82 - High Feb 8 
*RES 2: $60.69 - 55-DMA 
*RES 1: $59.53 - High Feb 13
*PRICE: $59.04 @ 0300GMT
*SUP 1: $57.88 - Low Feb 9 
*SUP 2: $57.67 - 100-DMA 
*SUP 3: $55.97 - 200-WMA 
*SUP 4: $55.37 - Low Nov 14
*COMMENTARY: Repeated failures to trouble 2018 highs resulted in a sell-off that
sees immediate focus on the 100-DMA. Bears need a close below the 100-DMA to add
weight to the case for a move then targeting the 200-DMA ($53.20) although the
200-WMA ($55.97) may slow the move. Bulls continue to look for a close above the
55-DMA to ease bearish pressure and above $63.94 to initially target 2018 highs.

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