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NYMEX HO: (F18) Topside Follow Through....>

OIL TECHS
OIL TECHS: NYMEX HO: (F18) Topside Follow Through Lacking
*RES 4: $1.9998 - High May 21 2015
*RES 3: $1.9674 - Bollinger band top
*RES 2: $1.9652 - 2017 High Nov 28
*RES 1: $1.9484 - Hourly resistance Dec 1
*PRICE: $1.9354 @ 0430GMT
*SUP 1: $1.9254 - Hourly resistance Dec 1 now support
*SUP 2: $1.8945 - Low Nov 14
*SUP 3: $1.8908 - Low Nov 30
*SUP 4: $1.8870 - Low Nov 14
*COMMENTARY: Oscillation around the 21-DMA ($1.9310) continues with bears taking
comfort in the contract remaining capped ahead of 2017 highs Friday. Initial
support is noted at $1.9254 today with bears needing a close below to return
pressure to the $1.8400-1.8870 region where the daily bull channel base and
55-DMA ($1.8505) are located. Bulls look for a close above $1.9652 to confirm
focus on the bull channel top ($2.0424).

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