ICE HO: (J18) Below $1.8905 To Ease.......>

OIL TECHS: ICE HO: (J18) Below $1.8905 To Ease Bullish Pressure

*RES 4: $1.9849 - Low Dec 27 now resistance

*RES 3: $1.9763 - 55-DMA

*RES 2: $1.9713 - 21-DMA

*RES 1: $1.9395 - High Feb 20

*PRICE: $1.9176 @ 0430GMT

*SUP 1: $1.9144 - 100-DMA

*SUP 2: $1.8905 - Low Feb 16

*SUP 3: $1.8553 - Low Feb 15

*SUP 4: $1.8419 - High Feb 13 now support

*COMMENTARY: A bullish key day reversal following 2018 & 4mth lows now sees the

contract supported above the 100-DMA. Bulls now look for 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. The 100-DMA is initial support but bears need a close

below $1.8905 to ease bullish pressure and return initial focus to

$1.8111-1.8553.