NYMEX HO (N19): Upside Limited By.........>

OIL TECHS: NYMEX HO (N19): Upside Limited By $1.8426

*RES 4: $1.9861 - 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: $1.8292 @ 06:27 GMT Jun 17

*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

Initial resistance at the $1.8426 level has limited the upside, keeping the

overall trading activity from the early June low corrective. Momentum indicators

provide little in the way of supportive signals currently, while trend

indicators are still overall negative. Continued failure at the $1.8426 level

would return the focus to the $1.7717 and then the $1.7401 low. A break below

$1.7402 will open the way to $1.7257 initially.