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NYMEX HO: (H18) $1.9724 Support Now Key...>

OIL TECHS
OIL TECHS: NYMEX HO: (H18) $1.9724 Support Now Key
*RES 4: $2.0675 - 21-DMA
*RES 3: $2.0652 - Hourly resistance Feb 2
*RES 2: $2.0442 - Hourly support Feb 2 now resistance
*RES 1: $2.0184 - Hourly support Feb 5 now resistance
*PRICE: $2.0030 @ 0430GMT
*SUP 1: $1.9937 - 55-DMA
*SUP 2: $1.9724 - High Dec 12 now support
*SUP 3: $1.9101 - 100-DMA
*SUP 4: $1.8556 - Monthly Low Dec 7
*COMMENTARY: Bulls recently failed to capitalise on fresh 2018 & 3+ year highs
with the correction lower gathering steam and immediate pressure on
$1.9724-1.9937 where the 55-DMA is noted. Bears now need a close below $1.9724
to confirm a break of the 55-DMA, shifting initial focus to the 100-DMA and
overall focus to Dec lows. Bulls now need a close above $2.0442 to gain
breathing room and above the 21-DMA to target 2018 highs.

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