NYMEX HO: (F18) Pressure Shifts To Key....>

OIL TECHS: NYMEX HO: (F18) Pressure Shifts To Key Support Region

*RES 4: $1.9998 - High May 21 2015

*RES 3: $1.9787 - Bollinger band top

*RES 2: $1.9652 - 2017 High Nov 28

*RES 1: $1.9376 - Hourly support Nov 29 now resistance

*PRICE: $1.9263 @ 0430GMT

*SUP 1: $1.9160 - Low Nov 29

*SUP 2: $1.9081 - Low Nov 20

*SUP 3: $1.8870 - Low Nov 14

*SUP 4: $1.8710 - Bollinger band base

*COMMENTARY: The contract is looking a little heavy as it flirts with the 21-DMA

($1.9248) with focus back on layers of support. Bears still need a close below

$1.9081 to confirm a break of the 21-DMA, easing bullish pressure and below

$1.8870 to shift focus back to $1.8400-1.8678 where the daily bull channel base

and 55-DMA are situated. Bulls now need a close above $1.9376 to gain breathing

room and above $1.9652 to confirm focus on the LT bull channel top ($2.0342).