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.