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NYMEX WTI: (J18) $60.57 Support Key.......>

OIL TECHS
OIL TECHS: NYMEX WTI: (J18) $60.57 Support Key Today 
*RES 4: $64.96 - High Feb 5 
*RES 3: $63.94 - High Feb 6 
*RES 2: $62.85 - 21-DMA 
*RES 1: $62.63 - Low Jan 19 now resistance
*PRICE: $61.68 @ 2030GMT
*SUP 1: $60.77 - Low Feb 16 
*SUP 2: $60.57 - Hourly resistance Feb 15 now support 
*SUP 3: $59.60 - Low Feb 15 
*SUP 4: $58.75 - Hourly resistance Feb 14 a now support
*COMMENTARY: Hesitation ahead of the 21-DMA is a concern for bulls who are
looking for a close above $63.94 to initially target 2018 highs. Bears continue
to look for a close below $60.57 to gain breathing room and below the $57.88 to
confirm a break of the 100-DMA ($58.24) & target the 200-DMA ($53.64). Bulls
need a close above the 21-DMA to add support to their case. Daily studies remain
well placed for gains.

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