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

OIL TECHS
OIL TECHS: NYMEX HO: (N18) $2.2467 Resistance Key Today
*RES 4: $2.2987 - 2018 High May 17
*RES 3: $2.2885 - Hourly resistance May 24
*RES 2: $2.2467 - Low May 21 now resistance
*RES 1: $2.2315 - High May 30
*PRICE: $2.2173 @ 0430GMT
*SUP 1: $2.2092 - Hourly resistance May 30 now support
*SUP 2: $2.2003 - High May 29 now support
*SUP 3: $2.1647 - Low May 28
*SUP 4: $2.1025 - 55-DMA
*COMMENTARY: The bounce Wednesday saw bulls gain breathing room with the close
above the 21-DMA ($2.2167) and focus return to $2.2467 today. Bulls continue to
look for a close above this level to return immediate focus to retests of 2018
highs. Layers of support are starting to accumulate with bears now needing close
below $2.2003 to pressure $2.1647 again and below this level to shift focus to
the 55-DMA.

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