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NYMEX WTI: (J18) Above $63.93 To Target...>

OIL TECHS: NYMEX WTI: (J18) Above $63.93 To Target $66.39-65 
*RES 4: $66.65 - 2018 High Jan 22 (Cont) 
*RES 3: $66.39 - High Jan 25 
*RES 2: $64.96 - High Feb 5 
*RES 1: $63.94 - High Feb 6
*PRICE: $62.79 @ 0430GMT
*SUP 1: $62.12 - Hourly resistance Feb 22 now support 
*SUP 2: $60.76 - Low Feb 22 
*SUP 3: $60.57 - Hourly resistance Feb 15 now support 
*SUP 4: $59.60 - Low Feb 15
*COMMENTARY: The $60.57 support confirmed significance with the bounce from
ahead seeing the contract trading above the 21-DMA ($62.48). Bulls look for a
close above $63.93 to confirm a shift in focus to $66.39-65 where 2018 highs are
situated. Support layers are following J18 higher with bears now needing a close
below $62.12 to gain breathing room and below $60.57 to shift focus back to
$57.90-58.58 where the 100-DMA is noted.

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