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NYMEX HO: (N18) $2.2467 Resistance........>

OIL TECHS
OIL TECHS: NYMEX HO: (N18) $2.2467 Resistance Remains Key
*RES 4: $2.2467 - Low May 21 now resistance
*RES 3: $2.2222 - 21-DMA
*RES 2: $2.2168 - Hourly resistance May 31
*RES 1: $2.1917 - Hourly resistance June 1
*PRICE: $2.1733 @ 0430GMT
*SUP 1: $2.1647 - Low May 28
*SUP 2: $2.1584 - Bollinger band base
*SUP 3: $2.1123 - 55-DMA
*SUP 4: $2.0877 - Monthly Low May 2
*COMMENTARY: The rejection ahead of $2.2467 has left the contract looking heavy
with bears currently focused on $2.1647. Bears now need a close below this level
to initially shift focus to 2.0774-1123 where the 55-DMA is situated. Below
$2.0774 then initially targets the 100-DMA ($2.0392). Bulls continue to look for
a close above $2.2467 to return immediate focus to retests of 2018 highs.

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