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(N19): Jun 3 High Next Up *RES 4:.........>

OIL TECHS
OIL TECHS: (N19): Jun 3 High Next Up
*RES 4: $1.8689 - 200-dma
*RES 3: $1.8557 - High May 31
*RES 2: $1.8348 - 100-dma
*RES 1: $1.7867 - High June 3
*PRICE: $1.7558 @ 06:13 GMT Jun 11
*SUP 1: $1.6688/25 - Low June 6, Jun 5
*SUP 2: $1.6088 - Low Dec 6
*SUP 3: $1.5952/5823 - 76.4% Dec-Apr rally/Low Jan 28
*SUP 4: $1.5273 - High Dec 26
The recovery off recent cycle lows comfortably holds above the $1.75 level to
keep the minor uptrend intact. Bulls look to clear the 38.2% retracement of the
May fall & 100-dma at $1.8109/8348, before challenging the 200-dma at $1.8689.
Bears need a break of the Jun 5 low & 2% lower Bollinger band at $1.6336 to
change the outlook. Below here opens the Dec 6 low at $1.6088.

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