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NYMEX WTI: (J18) Bears Need Close Below...>

OIL TECHS: NYMEX WTI: (J18) Bears Need Close Below 100-DMA 
*RES 4: $64.24 - High Feb 26 
*RES 3: $63.58 - Hourly resistance Feb 27 
*RES 2: $62.78 - Hourly resistance Mar 6 
*RES 1: $61.65 - Hourly support Mar 7 now resistance
*PRICE: $61.36 @ 2030GMT
*SUP 1: $60.58 - Low Mar 7 
*SUP 2: $60.13 - Low Mar 2 
*SUP 3: $59.48 - Daily Bull channel base 
*SUP 4: $59.14 - 100-DMA
*COMMENTARY: The contract continues to chop around 21 & 55-DMAs this week with
follow through lacking in both directions. Layers of support remain $59.14-60.13
where the daily bull channel base and 100-DMA are noted. Bears need a close
below the 100-DMA to hint at a move back to $53.30-55.37 with below $57.90 to
confirm. Bulls look for a close above $64.24 to hint at a move back to $66.39-65
and above $64.97 to confirm.

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