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

OIL TECHS
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: $61.95 - 21-DMA 
*RES 1: $61.83 - Hourly resistance Mar 1
*PRICE: $61.45 @ 0530GMT
*SUP 1: $60.13 - Low Mar 2 
*SUP 2: $59.60 - Low Feb 15 
*SUP 3: $59.20 - Daily Bull channel base 
*SUP 4: $58.82 - 100-DMA
*COMMENTARY: Losses defined last week 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 ($58.82) and daily bull
channel base ($59.20) are situated. Correcting O/B studies add weight to the
bearish case.
Energy BulletsCommodities
Energy BulletsCommodities

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