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NYMEX WTI: (J18) Looking A Little Heavy...>

OIL TECHS: NYMEX WTI: (J18) Looking A Little Heavy 
*RES 4: $66.39 - High Jan 25 
*RES 3: $64.96 - High Feb 5 
*RES 2: $64.24 - High Feb 26 
*RES 1: $63.58 - Hourly resistance Feb 27
*PRICE: $62.63 @ 0300GMT
*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: Failure to better Monday's high and the hesitation ahead of $64.96
combined with O/B studies are a concern for bulls and leave the pair looking a
little heavy. The close below $63.06 eases bullish pressure with bears now
looking for a close below $60.57 to shift focus back to $57.90-58.96 where the
100-DMA ($58.96) is noted. Bulls now need a close above $64.96 to regain the
upper hand and target $66.39-65 where 2018 highs are noted.

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