NYMEX HO: (H18) Pressure Returns To.......>

OIL TECHS: NYMEX HO: (H18) Pressure Returns To 100-DMA

*RES 4: $2.0145 - High Feb 6

*RES 3: $1.9983 - High Feb 7

*RES 2: $1.9719 - Hourly support Feb 7 now resistance

*RES 1: $1.9389 - Hourly resistance Feb 7

*PRICE: $1.9277 @ 0430GMT

*SUP 1: $1.9138 - 100-DMA

*SUP 2: $1.8556 - Monthly Low Dec 7

*SUP 3: $1.8320 - Monthly Low Nov 2

*SUP 4: $1.7520 - Low Oct 20

*COMMENTARY: The marginal close below the 55-DMA has been followed up with a

sell-off that sees immediate pressure on the 100-DMA and overall focus on

$1.8320-1.8556. A close below $1.8320 is needed to see bears targeting the

200-DMA ($1.7483). Bulls now need a close above $1.9719 to ease bearish pressure

and above $2.0145 to shift focus back to the 21-DMA ($2.0555). Daily studies

approaching O/S are the key concern for bears.