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NYMEX HO (N19): Bulls still in control....>

OIL TECHS
OIL TECHS: NYMEX HO (N19): Bulls still in control
*RES 4: $2.0757 - High May 22
*RES 3: $2.0442 - 76.4% retracement of the May 16-Jun 5 decline
*RES 2: $2.0219/37/38 - High May 28, low May 7/9
*RES 1: $1.9918 - High Jun 28
*PRICE: $1.9449 @ 06:29 BST Jun 28
*SUP 1: $1.9375 - Jun 26 low
*SUP 2: $1.8900 - Jun 24 low
*SUP 3: $1.8757 - Jun 21 low
*SUP 4: $1.8426 - High Jun 10 and last weeks bullish breakout point
HO extended gains this week and the underlying bullish theme has continued since
former resistance at the June 6 high of 1.8426 was cleared last week. A strong
uptrend followed the break and bulls haven't looked back with momentum studies
reinforcing the bull tone. The 61.8% retracement of the May 16-Jun 5 decline at
1.9861 was achieved yesterday. Attention now turns to the 76.4% level at 2.0442.
Key support lies at 1.8426. First support today sits at 1.9375, the Jun 26 low.

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