NYMEX HO (G19) Bulls In Charge *RES 4:....>

OIL TECHS: NYMEX HO (G19) Bulls In Charge

*RES 4: $2.1199 - 200-dma 

*RES 3: $2.1000 - Prior range lows, now resistance 

*RES 2: $1.9443 - High Dec 7 

*RES 1: $1.9226 - High Jan 11 

*PRICE: $1.8949 @ 05:42 GMT Jan 18 

*SUP 1: $1.7875 - 21-dma 

*SUP 2: $1.6380 - Low Dec 26 

*SUP 3: $1.5489 - Low Aug 17, 2017 (continuation chart) 

*SUP 4: $1.3563 - Low June 21, 2017 (continuation chart) 

Bulls continue to target the Jan 11 high at $1.9226 to extend the recovery after

intraday weakness yesterday was capped at range lows. Above here would and

trigger an potential inverse head and shoulders pattern targeting the Dec 7

highs ahead of prior range lows at $2.1000. To regain control bears would need

to close back below the 21-dma at $1.7875, allowing a run at the Dec 26 low at

$1.6380.