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

$1.8111-1.8553.