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OIL TECHS
OIL TECHS: NYMEX HO: (K18) Bulls Focused On $2.0728-0895
*RES 4: $2.1362 - 2018 High Jan 26 (cont)
*RES 3: $2.0895 - Monthly High Jan 26
*RES 2: $2.0837 - Bollinger band top
*RES 1: $2.0728 - Monthly High Feb 2
*PRICE: $2.0582 @ 0430GMT
*SUP 1: $2.0485 - High Mar 27 now support
*SUP 2: $2.0094 - Hourly resistance Apr 10 now support
*SUP 3: $1.9911 - High Apr 6 now support
*SUP 4: $1.9788 - 21-DMA
*COMMENTARY: Despite repeatedly pressuring the 100-DMA (41.9501) and flirting
with key DMAs bears failed to produce the close below needed to shift initial
focus to $1.9147. The recovery sees bulls focused on the $2.0485-0895 region. A
close above this region is needed to confirm initial focus on $2.1362 where 2018
highs are noted. Bears now look for a close below $2.0045 to gain breathing room
and below 1.9911 to target the 100-DMA.

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