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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.

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