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OIL TECHS: NYMEX HO: (G18) Bulls Focused On $2.1139-2.2105
*RES 4: $2.2105 - High Dec 2 2014
*RES 3: $2.1404 - Bollinger band top
*RES 2: $2.1139 - Daily Bull channel top
*RES 1: $2.0893 - High Jan 2
*PRICE: $2.0788 @ 0430GMT
*SUP 1: $2.0632 - Low Jan 10
*SUP 2: $2.0375 - Low Jan 9
*SUP 3: $2.0201 - Low Dec 27
*SUP 4: $1.9808 - High Dec 12 now support
*COMMENTARY: Recent 2017 & 2+ year highs reconfirmed the bullish bias with
immediate focus on $2.1139-1405 where the Bollinger band top and bull channel
top are located with overall focus on $2.2105. Bears failed to capitalise on the
break of $2.0492 with bears continuing to look for a close below $2.0201 to
shift focus back to layers of support $1.9032-1.9808. Bulls now need a close
above $2.0893 to add support to their case.