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NYMEX HO: (K18) $1.9638-1.9839 Support....>

OIL TECHS
OIL TECHS: NYMEX HO: (K18) $1.9638-1.9839 Support Key
*RES 4: $2.0895 - Monthly High Jan 26
*RES 3: $2.0728 - Monthly High Feb 2
*RES 2: $2.0485 - High Mar 27
*RES 1: $2.0321 - Hourly resistance Mar 27
*PRICE: $2.0154 @ 0430GMT
*SUP 1: $1.9960 - Low Mar 28
*SUP 2: $1.9839 - Low Mar 22
*SUP 3: $1.9636 - 55-DMA
*SUP 4: $1.9417 - 100-DMA
*COMMENTARY: Aggressive breaks of key DMAs were seen last week with bullish
focus having returned to the 2.0728-2.1362 region where monthly and 2018 highs
are located. The lack of topside follow through is now an issue when combined
with correcting O/B studies. Bears still need a close below $1.9839 to ease
bullish pressure and below the 55-DMA to shift initial focus back to $1.9144.

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