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NYMEX HO: (G18) Bears Need Close Below....>

OIL TECHS
OIL TECHS: NYMEX HO: (G18) Bears Need Close Below $1.9032
*RES 4: $1.9808 - High Dec 12
*RES 3: $1.9751 - Bollinger band top
*RES 2: $1.9644 - Alternating support/resistance
*RES 1: $1.9543 - High Dec 21
*PRICE: $1.9519 @ 0430GMT
*SUP 1: $1.9445 - Hourly support Dec 21
*SUP 2: $1.9349 - Low Dec 21
*SUP 3: $1.9260 - 21-DMA
*SUP 4: $1.9042 - Daily Bull channel base (off June 26 Low)
*COMMENTARY: Fresh 2017 & 2+ year highs lacked follow through and left the
contract looking a little heavy. The bounce from around the bull channel base is
less than ideal for bears with focus now having returned to $1.9808. Bears now
need a close below $1.9032 to ease bullish pressure and below $1.8615 to hint at
a move back to $1.7595-1.7994 with below $1.8383 to confirm.

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