NYMEX HO (N19): Focus Returning to the....>

OIL TECHS: NYMEX HO (N19): Focus Returning to the Downside

*RES 4: $1.9861/16 - 61.8% May fall/100-dma

*RES 3: $1.9438 - Low Mar 28, now resistance

*RES 2: $1.9196 - High May 31

*RES 1: $1.8564 - High June 3

*PRICE: $1.8345 @ 07:37 BST Jun 19

*SUP 1: $1.7717 - Low Jun 12

*SUP 2: $1.7527/19 - Low Jun 6/76.4% Dec-May rally

*SUP 3: $1.7402 - Low Jun 5

*SUP 4: $1.7257 - High Dec 26

The underlying bearish risk in HO remains intact. The focus is on a move to the

$1.7717 support where a break would open the $1.7402 low. Clearance of the

latter would expose $1.7257 initially. Momentum indicators provide little in the

way of supportive signals currently, while trend indicators are still overall

negative.