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NYMEX WTI: (J18) 55-DMA Resistance Key....>

OIL TECHS
OIL TECHS: NYMEX WTI: (J18) 55-DMA Resistance Key Today 
*RES 4: $63.35 - 21-DMA 
*RES 3: $62.63 - Low Jan 19 now resistance 
*RES 2: $61.82 - High Feb 8 
*RES 1: $60.68 - 55-DMA
*PRICE: $59.48 @ 0330GMT
*SUP 1: $59.01 - Low Feb 12 
*SUP 2: $58.55 - Hourly support Feb 9 
*SUP 3: $57.88 - Low Feb 9 
*SUP 4: $57.60 - 100-DMA
*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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