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NYMEX WTI: (J18) Bulls Need Close Above...>

OIL TECHS: NYMEX WTI: (J18) Bulls Need Close Above 21-DMA 
*RES 4: $64.24 - High Feb 26 
*RES 3: $63.58 - Hourly resistance Feb 27 
*RES 2: $62.13 - 21-DMA 
*RES 1: $61.83 - Hourly resistance Mar 1
*PRICE: $61.45 @ 2030GMT
*SUP 1: $60.18 - Low Mar 1 
*SUP 2: $59.60 - Low Feb 15 
*SUP 3: $59.11 - Daily Bull channel base 
*SUP 4: $58.72 - 100-DMA
*COMMENTARY: Bears take comfort in the lack of follow through Thursday with
bulls now needing a close above the 21-DMA to ease bearish pressure and above
$64.97 to return initial focus to $66.39-65 where 2018 highs are noted. While
the 21-DMA caps bears remain focused on layers of support $57.90-59.60 where the
100-DMA and daily bull channel base are situated. Correcting O/B studies remain
a concern for bulls.

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