NYMEX WTI: (K18) Increased Correction.....>

OIL TECHS: NYMEX WTI: (K18) Increased Correction Risk 

*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: $65.88 - Hourly resistance Mar 26

*PRICE: $65.72 @ 0430GMT

*SUP 1: $65.02 - Hourly support Mar 23 

*SUP 2: $63.99 - Hourly support Mar 21a 

*SUP 3: $63.31 - Hourly support Mar 20 

*SUP 4: $62.52 - Hourly support Mar 20a

*COMMENTARY: The rejection ahead of 2018 highs Monday 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 ($66.06) limiting follow through. Bears now look for a

close below $63.99 to shift initial focus back to $61.45-62.65 where 21 ($62.53)

& 55 ($62.65) DMAs are situated. Bulls continue to look for a close above $66.66

to target $69.54-73.25 last seen in early 2014.