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NYMEX HO: (K18) Bulls Focused On..........>

OIL TECHS
OIL TECHS: NYMEX HO: (K18) Bulls Focused On $2.1362-2090
*RES 4: $2.2090 - Daily Bull channel top
*RES 3: $2.1362 - 2018 High Jan 26 (cont)
*RES 2: $2.1227 - High Apr 11
*RES 1: $2.1027 - Bollinger band top
*PRICE: $2.0998 @ 0430GMT
*SUP 1: $2.0868 - Hourly support Apr 11
*SUP 2: $2.0696 - High Apr 10 now support
*SUP 3: $2.0485 - High Mar 27 now support
*SUP 4: $2.0094 - Hourly resistance Apr 10 now support
*COMMENTARY: The recovery from tests of the 100-DMA ($1.9527) sees bulls firmly
focused on $2.1362-2090 where the daily bull channel top & 2018 highs are
located. Daily studies are well placed although the Bollinger top is the key
concern. Bears now look for a close below $2.0868 to gain breathing room and
below $2.0485 to shift focus back to $1.9527-1.9911 where key DMAs are located.

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