Oil..

BULLET: OIL: NYMEX March light sweet crude oil futures at....OIL: NYMEX March light sweet crude oil futures settled at $57.30per barrel, down from Wednesday's settlement at $58.14. MNI techsnote that the front contract has been approaching key resistance at$58.65/75, where former is the 50.0% of $51.00 to $66.29 move on Marcontract chart and latter the 61.8% of $49.90 to $64.15 on continuationcharts. Above here, the 100-day moving average at $59.40 is also key.Risk is on a fade at these levels.