NYMEX HO: (N18) Focus Shifts To...........>

OIL TECHS: NYMEX HO: (N18) Focus Shifts To $2.0774-1161

*RES 4: $2.2214 - 21-DMA

*RES 3: $2.2168 - Hourly resistance May 31

*RES 2: $2.1917 - Hourly resistance June 1

*RES 1: $2.1647 - Low May 28 now resistance

*PRICE: $2.1540 @ 0430GMT

*SUP 1: $2.1357 - Bollinger band base

*SUP 2: $2.1161 - 55-DMA

*SUP 3: $2.0877 - Monthly Low May 2

*SUP 4: $2.0774 - Low Apr 20

*COMMENTARY: The rejection ahead of $2.2467 has left the contract looking heavy

with the close below $2.1647 Monday shifting initial focus to $2.0774-1161 where

the 55-DMA is situated. Below $2.0774 then initially targets the 100-DMA

($2.0404). Bulls now look for a close above $2.1917 to gain breathing room and

above $2.2467 to return immediate focus to retests of 2018 highs.