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

OIL TECHS: NYMEX HO: (J18) Bears Focused On Feb Low
*RES 4: $1.9601 - Hourly support Feb 28 now resistance
*RES 3: $1.9441 - Hourly resistance Feb 28
*RES 2: $1.9216 - 100-DMA
*RES 1: $1.8984 - Hourly resistance Mar 1
*PRICE: $1.8796 @ 0430GMT
*SUP 1: $1.8541 - Low Feb 15
*SUP 2: $1.8419 - High Feb 13 now support
*SUP 3: $1.8097 - Monthly Low Feb 14
*SUP 4: $1.8049 - Bollinger band base
*COMMENTARY: The failure to gain traction above the 55-DMA ($1.9827) and
correcting O/B studies weighing have impacted with focus on retests of Feb lows.
Layers of resistance have been left in the wake with bulls now needing a close
above the 100-DMA to gain breathing room. A close above $2.0346 remains needed
to confirm a return in initial focus to $2.0880-2.1098 where 2018 highs are

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