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NYMEX HO (N19): Today's price action......>

OIL TECHS
OIL TECHS: NYMEX HO (N19): Today's price action could be key
*RES 4: $2.0209 - High May 28, low May 7/9
*RES 3: $1.9861/16 - 61.8% May fall/100-dma
*RES 2: $1.9438 - Low Mar 28, now resistance
*RES 1: $1.9196 - High May 31
*PRICE: $1.8696 @ 07:51 BST Jun 20
*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
HO has broken above the June 3 high of $1.8596 and today's price action could be
key. A close above this level would highlight the beginning of a more bullish
structure, with the next key resistance at the May 31 high of $1.9196. If we do
close below 1.8564 however, the focus remains on a move to the $1.7717 support
where a breach would open the $1.7402 low.

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