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NYMEX HO: (M18) Bears Need Close Below....>

OIL TECHS
OIL TECHS: NYMEX HO: (M18) Bears Need Close Below $2.1248
*RES 4: $2.2117 - High Dec 1 2014 (Cont)
*RES 3: $2.1807 - Bollinger band top
*RES 2: $2.1505 - 2018 High Apr 24
*RES 1: $2.1431 - Hourly resistance Apr 26
*PRICE: $2.1355 @ 0430GMT
*SUP 1: $2.1248 - Low Apr 26
*SUP 2: $2.1059 - Low Apr 25
*SUP 3: $2.0923 - Low Apr 23
*SUP 4: $2.0796 - Low Apr 20
*COMMENTARY: The lack of topside follow through is a concern for bulls given
daily momentum divergence, correcting O/B studies and the Bollinger top capping.
Bears now look for a close below $2.1248 to ease bullish pressure and below
$2.1059 to shift initial focus back to $2.0796. Bulls currently focus on
$2.2117-2.2233 where the daily bull channel top is located.

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