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NYMEX HO: (J18) $1.9849 Resistance Key....>

OIL TECHS
OIL TECHS: NYMEX HO: (J18) $1.9849 Resistance Key Today
*RES 4: $2.1098 - 2018 High Jan 26
*RES 3: $2.0880 - High Feb 2
*RES 2: $2.0346 - High Feb 5
*RES 1: $2.0044 - High Feb 6
*PRICE: $1.9801 @ 0430GMT
*SUP 1: $1.9586 - High Feb 22 now support
*SUP 2: $1.9370 - Low Feb 23
*SUP 3: $1.9142 - 100-DMA
*SUP 4: $1.9074 - Low Feb 21
*COMMENTARY: J18 is looking to gain traction above 55 ($1.9766) & 21 ($1.9624)
DMAs with the $2.0044-2.0346 resistance region now key. Bulls need a close above
$2.0346 to confirm a return in initial focus to $2.0880-2.1098 where 2018 highs
are situated. Layers of support are accumulating and adding to bullish
confidence. Bears now need a close below $1.9370 to ease bullish pressure and
below the 100-DMA to reconfirm focus on $1.8097-1.8541.

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