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ICE HO: (J18) $1.9849 Resistance Key......>

OIL TECHS: ICE HO: (J18) $1.9849 Resistance Key Today
*RES 4: $2.0247 - Low Jan 19 now resistance
*RES 3: $1.9849 - Low Dec 27 now resistance
*RES 2: $1.9796 - 55-DMA
*RES 1: $1.9592 - 21-DMA
*PRICE: $1.9525 @ 0430GMT
*SUP 1: $1.9408 - High Feb 20 now support
*SUP 2: $1.9074 - Low Feb 21
*SUP 3: $1.8905 - Low Feb 16
*SUP 4: $1.8553 - Low Feb 15
*COMMENTARY: The break of $1.9408 adds to bullish confidence with pressure on
layers of resistance $1.9592-1.9849 where 21 & 55-DMAs are located. Bulls need a
close above $1.9849 to confirm breaks of 21 & 55-DMAs, hinting at a move back to
$2.0811-2.1095 and above $2.0428 to confirm. Bears now look for a close below
$1.9408 to gain breathing room and below $1.8905 to return initial focus to

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