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

OIL TECHS
OIL TECHS: NYMEX HO: (G18) Bears Need Close Below $2.0492
*RES 4: $2.2105 - High Dec 2 2014
*RES 3: $2.1027 - Daily Bull channel top
*RES 2: $2.0893 - High Jan 2
*RES 1: $2.0724 - Hourly resistance Jan 5
*PRICE: $2.0572 @ 0430GMT
*SUP 1: $2.0492 - Low Jan 5
*SUP 2: $2.0201 - Low Dec 27
*SUP 3: $1.9808 - High Dec 12 now support
*SUP 4: $1.9644 - Alternating support/resistance
*COMMENTARY: Fresh 2017 & 2+ year highs reconfirmed the bullish bias with
immediate focus on $2.1027-1126 where the Bollinger band top and bull channel
top are located with a close above targeting $2.2105. Bears now look for a close
below Friday's low to ease bullish pressure and below $2.0201 to shift focus
back to layers of support $1.9032-1.9808.

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