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NYMEX WTI: (K18) Bears Need Close Below...>

OIL TECHS
OIL TECHS: NYMEX WTI: (K18) Bears Need Close Below $63.99 
*RES 4: $69.54 - High Dec 1 2014 (Cont) 
*RES 3: $66.66 - 2018 High Jan 25 (Cont) 
*RES 2: $66.02 - Monthly High Jan 25 
*RES 1: $65.74 - High Mar 22
*PRICE: $65.07 @ 0310GMT
*SUP 1: $63.99 - Hourly support Mar 21a 
*SUP 2: $63.31 - Hourly support Mar 20 
*SUP 3: $62.52 - Hourly support Mar 20a 
*SUP 4: $61.45 - Low Mar 19
*COMMENTARY: Bears failed to capitalise on the sell-off Thursday with K18
bouncing from ahead of $63.99 today. Bears look for a close below this level to
ease bullish pressure and shift initial focus back to $61.45-62.52 where 21
($62.30) & 55 ($62.48) DMAs are situated. While $63.99 supports bulls remain
focused on $66.02-66 with a close above needed to target $69.54-73.25 last seen
in early 2014. The Bollinger band top ($65.15) is the key concern for bulls.

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