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NYMEX HO: (J18) Bulls Need Close Above....>

OIL TECHS: NYMEX HO: (J18) Bulls Need Close Above 100-DMA
*RES 4: $1.9601 - Hourly support Feb 28 now resistance
*RES 3: $1.9441 - Hourly resistance Feb 28
*RES 2: $1.9265 - 100-DMA
*RES 1: $1.9105 - 21-DMA
*PRICE: $1.8864 @ 0430GMT
*SUP 1: $1.8830 - Low Mar 6
*SUP 2: $1.8500 - Low Mar 2
*SUP 3: $1.8419 - High Feb 13 now support
*SUP 4: $1.8097 - Monthly Low Feb 14
*COMMENTARY: The lack of downside follow through the past few days saw the
contract bounce back to key DMAs. Bulls need a close above the 100-DMA to gain
breathing room. A close above $2.0044 is needed to hint at a move back to
2.0880-2.1098 with above $2.0346 to confirm. While the 100-DMA caps bears focus
on the close below $1.8500 needed to confirm focus on $1.7667-1.8097 where the
200-DMA and monthly lows are situated.

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