NYMEX HO: (J18) Bears Focused On..........>

OIL TECHS: NYMEX HO: (J18) Bears Focused On 200-DMA

*RES 4: $1.9005 - 100-DMA

*RES 3: $1.8885 - High Feb 12

*RES 2: $1.8661 - Hourly support Feb 12 now resistance

*RES 1: $1.8541 - High Feb 13

*PRICE: $1.8369 @ 0430GMT

*SUP 1: $1.8194 - Bollinger band base

*SUP 2: $1.8177 - Low Feb 8

*SUP 3: $1.7813 - Low Oct 25

*SUP 4: $1.7409 - 200-DMA

*COMMENTARY: Bears take comfort in the contract remaining capped ahead of the

100-DMA on Monday's bounce with focus now on a test of the 200-DMA. Very O/S

daily studies remain the key concern for bears. Bulls need a close above $1.9289

to confirm a break of the 100-DMA and hint at a move back to $2.0880-2.1098 with

above $2.0346 to confirm. Bears now look for a close below $1.8177 to add weight

to their case.