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NYMEX WTI: (K18) Below $62.52 To Target...>

OIL TECHS
OIL TECHS: NYMEX WTI: (K18) Below $62.52 To Target 100-DMA 
*RES 4: $65.67 - Hourly resistance Mar 27 
*RES 3: $65.42 - High Apr 2 
*RES 2: $64.86 - Hourly support Apr 2 now resistance 
*RES 1: $63.86 - High Apr 3
*PRICE: $63.35 @ 0310GMT
*SUP 1: $62.74 - 55-DMA 
*SUP 2: $62.52 - Hourly support Mar 20a 
*SUP 3: $60.78 - 100-DMA 
*SUP 4: $59.91 - Low Mar 8
*COMMENTARY: The rejections ahead of 2018 highs combined with correcting O/B
studies have taken their toll with a sharp sell-off and bearish close Monday
that left the contract pressuring 21 & 55-DMAs. Bears now need a close below
$62.52 to confirm breaks and shift focus back to $59.91-60.78 where the 100-DMA
is noted. Bulls now need a close above $63.86 to gain breathing room and above
$65.42 to target 2018 highs.

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