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OIL TECHS
OIL TECHS: NYMEX HO: (K18) 55-DMA Now Capping
*RES 4: $2.0129 - Low Jan 19 now resistance
*RES 3: $1.9937 - High Feb 26
*RES 2: $1.9851 - Bollinger band top
*RES 1: $1.9618 - 55-DMA
*PRICE: $1.9583 @ 0430GMT
*SUP 1: $1.9403 - Hourly support Mar 20
*SUP 2: $1.9300 - 100-DMA
*SUP 3: $1.9104 - Hourly support Mar 19
*SUP 4: $1.9005 - Low Mar 19
*COMMENTARY: The aggressive break of the 100-DMA now sees immediate pressure on
the 55-DMA with a close above needed to confirm initial focus on $1.9937-2.0129
and hint at a move targeting $2.0895-1362 Jan and 2018 highs. Layers of support
are following the contract higher. Bears now need a close below the 100-DMA to
gain breathing room and below $1.9147 to shift initial focus back to $1.8442 Mar
lows so far.

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