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NYMEX HO (K19) Bull Flag Alive *RES 4:....>

OIL TECHS
OIL TECHS: NYMEX HO (K19) Bull Flag Alive
*RES 4: $2.1837 - High Nov 8 
*RES 3: $2.0492 - 200-dma 
*RES 2: $2.0420 - High Mar 1 
*RES 1: $2.0009 - High Mar 29 
*PRICE: $1.9832 @ 06:17 GMT Apr 1 
*SUP 1: $1.9380 - Low Mar 29
*SUP 2: $1.9165/9094 - Pivotal Support/100-dma 
*SUP 3: $1.8625 - Low Feb 7 
*SUP 4: $1.8311 - Low Jan 28 
The downtrend from the March 1 highs remains firmly intact but the price action
looks more like a bull flag that an sustainable downtrend. Bulls now need to
take out Friday's high at $2.0009 to improve the outlook and suggest a potential
bull flag breakout towards the March 1 ytd peak at $2.0420. Above here brings
the key 200-dma into play. Bears look for a move back below Friday's low at
$1.9389 to bring the pivotal support & 100-dma at $1.9165/9094. 

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