ICE HO: (J18) Below $1.9370 To Ease.......>

OIL TECHS: ICE HO: (J18) Below $1.9370 To Ease Bullish Pressure

*RES 4: $2.0880 - High Feb 2

*RES 3: $2.0346 - High Feb 5

*RES 2: $2.0044 - High Feb 6

*RES 1: $1.9956 - High Feb 26

*PRICE: $1.9687 @ 0430GMT

*SUP 1: $1.9495 - 21-DMA

*SUP 2: $1.9370 - Low Feb 23

*SUP 3: $1.9243 - 100-DMA

*SUP 4: $1.9074 - Low Feb 21

*COMMENTARY: Time spent above the 55-DMA ($1.9832) has been brief with the

contract looking heavy and focus back on layers of support. Bears now look for a

close below $1.9370 to confirm an easing of bullish pressure and below $1.8905

to confirm a return in focus to $1.8111-1.8553. Bulls still need a close above

$2.0346 to confirm a return in initial focus to $2.0880-2.1098 where 2018 highs

are situated.