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NYMEX HO (F20): Looking For A Bullish.....>

OIL TECHS
OIL TECHS: NYMEX HO (F20): Looking For A Bullish Breakout
*RES 4: $2.0135 - 76.4% retracement of Sep 16 - Oct 3 decline
*RES 3: $2.0020 - High Nov 19
*RES 2: $1.9735 - 61.8% retracement of Sep 16 - Oct 3 decline
*RES 1: $1.9716 - High Nov 27
*PRICE: $1.9517 @ 07:08 GMT Nov 29
*SUP 1: $1.9185 - Low Nov 22
*SUP 2: $1.8810 - Low Nov 21
*SUP 3: $1.8441 - Low Nov 20 and a key support
*SUP 4: $1.8042 - Low Oct 3 and primary support
HO maintains a bullish stance following the strong rebound on Nov 20 and 21.
Attention is on this weeks high of $1.9716, Oct 24 high and $1.9735, 61.8%
retracement of Sep 16 - Oct 3 decline. A breach of this zone would highlight an
important breakout and establish an uptrend. This would pave the way for a move
towards the $2.0135, 76.4% retracement. Key support is $1.8441, Nov 20 low.

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