NYMEX HO: (K18) 55-DMA Now Capping *RES...>

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.