NYMEX WTI: (K18) Hesitating Around........>

OIL TECHS: NYMEX WTI: (K18) Hesitating Around 55-DMA 

*RES 4: $63.05 - High Mar 6 

*RES 3: $62.22 - High Mar 12 

*RES 2: $62.03 - 55-DMA 

*RES 1: $61.01 - Hourly resistance Mar 13

*PRICE: $60.84 @ 0300GMT

*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 bouncing from the $59.18-91 support region last week where

the 100-DMA and bull channel base ($59.47) are located, failure to gain traction

above the 55-DMA is a concern for bulls who are focused on $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

$54.10-55.90 with below $57.60 to confirm.