NYMEX HO: (M18) $2.0425 Support Remains...>

OIL TECHS: NYMEX HO: (M18) $2.0425 Support Remains Key

*RES 4: $2.1362 - 2018 High Jan 26 (cont)

*RES 3: $2.1105 - High Apr 11

*RES 2: $2.0980 - High Apr 16

*RES 1: $2.0836 - Hourly resistance Apr 16

*PRICE: $2.0690 @ 0430GMT

*SUP 1: $2.0518 - Low Apr 16

*SUP 2: $2.0425 - Low Apr 11

*SUP 3: $2.0131 - 21-DMA

*SUP 4: $1.9975 - High Apr 9 now support

*COMMENTARY: Hesitation ahead of last week's high is a concern with bulls

focused on $2.1362-2.2047 where 2018 highs and the bull channel top are located.

The Bollinger top ($2.1048) remains the key concern for bulls. Bears continue to

look for a close below $2.0425 to shift initial focus back to $1.9975-2.0131 and

below $1.9975 to pressure $1.9456-1.9571 where 55 & 100-DMAs are noted. Bulls

now need a close above $2.0836 to gain breathing room.