NYMEX WTI: (J18) $61.10 Support Key.......>

OIL TECHS: NYMEX WTI: (J18) $61.10 Support Key Today 

*RES 4: $64.96 - High Feb 5 

*RES 3: $64.24 - High Feb 26 

*RES 2: $63.58 - Hourly resistance Feb 27 

*RES 1: $62.78 - Hourly resistance Mar 6

*PRICE: $62.11 @ 0430GMT

*SUP 1: $61.96 - 55-DMA 

*SUP 2: $61.69 - 21-DMA 

*SUP 3: $61.10 - Low Mar 5 

*SUP 4: $60.13 - Low Mar 2

*COMMENTARY: A lack of follow through on dips back to $60.13 has provided the

impetus for closes above 21 & 55 DMAs and seen focus return to $64.24-97. Bulls

now need a close above this region to return initial focus to $66.39-65 where

2018 highs are noted. Bears now need a close below $61.10 to confirm breaks of

21 & 55-DMAs and return focus to $57.90-59.59 where the 100-DMA and bull channel

base are noted.