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NYMEX WTI: NYMEX WTI: (G18) Bulls.........>

OIL TECHS
OIL TECHS: NYMEX WTI: NYMEX WTI: (G18) Bulls Focused On $63.97-65.17 
*RES 4: $65.17 - Low Dec 5 2014 now resistance 
*RES 3: $63.97 - Daily Bull channel top (off Oct low) 
*RES 2: $62.58 - 2015 High May 6 2015 
*RES 1: $62.56 - Hourly resistance Jan 9
*PRICE: $62.23 @ 0430GMT
*SUP 1: $61.97 - Hourly resistance Jan 8 now support 
*SUP 2: $61.34 - Low Jan 8 
*SUP 3: $61.09 - Low Jan 5 
*SUP 4: $60.77 - Hourly support Jan 3a
*COMMENTARY: Bulls take comfort as gains above the 200-WMA $59.95 continue. O/B
studies looking to correct remain the key concern for bulls. In saying that,
bears still need a close below $61.09 to ease bullish pressure and below $59.82
to shift immediate focus back to the bull channel base ($58.73) & 21-DMA
($59.17). Bulls remain focused on the channel top and $63.97-65.17 region while
$61.09 supports.

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