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

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 @ 0430GMT

*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.