NYMEX WTI: (K18) $59.18 Support Key.......>

OIL TECHS: NYMEX WTI: (K18) $59.18 Support Key This Week 

*RES 4: $63.05 - High Mar 6 

*RES 3: $62.22 - High Mar 12 

*RES 2: $61.99 - 55-DMA 

*RES 1: $60.91 - Hourly resistance Mar 13

*PRICE: $60.66 @ 0530GMT

*SUP 1: $60.29 - Low Mar 13 

*SUP 2: $59.91 - Low Mar 8 

*SUP 3: $59.33 - 100-DMA 

*SUP 4: $59.18 - High Feb 13 now support

*COMMENTARY: Despite looking heavy last week the $59.18-91 support region where

the 100-DMA and bull channel base ($59.47) are located confirmed significance

with a rally that provided bulls breathing room and hints at a test of

$63.05-64.07 this week. Overall a close above $64.07 remains needed to return

focus to $66.02-68.21. Bears need a close below $59.18 to hint at a move back to

$53.30-55.40 with below $57.60 to confirm.