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NYMEX HO: (F18) $1.8870 Support Remains...>

OIL TECHS
OIL TECHS: NYMEX HO: (F18) $1.8870 Support Remains Key
*RES 4: $2.0180 - Daily Bull channel top
*RES 3: $1.9998 - High May 21 2015
*RES 2: $1.9631 - High May 29 2015
*RES 1: $1.9584 - 2017 High Nov 10
*PRICE: $1.9430 @ 0430GMT
*SUP 1: $1.9231 - Low Nov 21
*SUP 2: $1.9103 - 21-DMA
*SUP 3: $1.9081 - Low Nov 20
*SUP 4: $1.8870 - Low Nov 14
*COMMENTARY: Closes above the 200-WMA ($1.9287) adds support to the bullish case
targeting the daily bull channel top. Bulls took comfort in support emerging on
dips last week with bears still needing a close below $1.8870 to confirm a break
of the 21-DMA, easing bullish pressure and shifting focus back to $1.8294-1.8516
where the daily bull channel base and 55-DMA are situated.

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