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NYMEX HO: (M18) Bulls Focused On..........>

OIL TECHS
OIL TECHS: NYMEX HO: (M18) Bulls Focused On $2.2117-3257
*RES 4: $2.2373 - Daily Bull channel top
*RES 3: $2.2117 - High Dec 1 2014 (Cont)
*RES 2: $2.1871 - 2018 High May 7
*RES 1: $2.1841 - Bollinger band top
*PRICE: $2.1705 @ 0430GMT
*SUP 1: $2.1589 - Hourly support May 7
*SUP 2: $2.1443 - Hourly support May 4
*SUP 3: $2.1253 - High May 2 now support
*SUP 4: $2.1128 - 21-DMA
*COMMENTARY: Support emerging on dips back towards the 21-DMA last week has
provided the impetus for fresh 2018 & 3+Yr highs. Bulls reconfirm dominance and
focus on $2.2117-3257 where the bull channel top is located. Bears now look for
a close below $2.1443 to gain breathing room and below the 21-DMA now to hint at
a move back to $2.0414. The Bollinger top is the key concern for bulls and
currently caps.

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