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OIL TECHS: NYMEX HO (M20): Bull Trend Resumes
*RES 4: $1.0000 - psychological round number
*RES 3: $0.9883 - High Apr 20
*RES 2: $0.9507 - Low Apr 1
*RES 1: $0.9496 - High Apr 21
*PRICE: $0.9209 @ 07:15 GMT May 15
*SUP 1: $0.8022 - Low May 6 and key near-term support
*SUP 2: $0.7769 - Low May 4
*SUP 3: $0.7033 - Low Apr 29
*SUP 4: $0.6724 - Low Apr 28 and key support
HO futures maintain a bullish theme. The recovery off $0.6724, Apr 28 low
resulted in a break of resistance at $0.8632, Apr 23 high. Furthermore, futures
have managed to probe the 20-day EMA reinforcing the current bullish cycle.
Attention is on $0.9496, Apr 21 high and potentially $1.000 further out. Firm
support is seen at $0.8022, the May 6 low. The move through the bull trigger at
$0.9199 this morning confirms a resumption of the uptrend.

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