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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: $66.55 - High Mar 26 
*RES 1: $65.67 - Hourly resistance Mar 27
*PRICE: $64.64 @ 2030GMT
*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: $62.49 - 21-DMA
*COMMENTARY: The rejection ahead of 2018 highs is less than ideal for bulls when
combined with daily studies at O/B levels and looking to correct as well as the
Bollinger top ($65.85) limiting follow through. Bears now look for a close below
$63.99 to shift initial focus back to $61.45-62.63 where 21 ($62.48) & 55
($62.63) DMAs are situated. Bulls continue to look for a close above $66.66 to
target $69.54-73.25 last seen in early 2014.

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