NYMEX HO (N20): Bulls in Control *RES.....>

OIL TECHS: NYMEX HO (N20): Bulls in Control

*RES 4: $1.1884 - High Apr 2 and key resistance

*RES 3: $1.1638 - High Apr 3

*RES 2: $1.1535 - High Apr 9

*RES 1: $1.1080 - High Jun 3 and intraday bull trigger

*PRICE: $1.0871 @ 07:54 GMT Jun 5

*SUP 1: $1.0338 - Low Feb 6

*SUP 2: $1.0011 - Trendline support drawn off the Apr 28 low

*SUP 3: $0.9562 - Low May 29 and key support

*SUP 4: $0.9307 - Low May 15

HO cleared on Tuesday resistance at $1.0712, May 26 high. This brings to an end

the recent period of consolidation and importantly confirms a resumption of the

uptrend that has been in place since the Apr 28 low of $0.7439. Attention is on

$1.1638, Apr 3 high and $1.1884, Apr 2 high. The latter is a key resistance. On

the downside, key support has been defined at $0.9562, May 29 low. A break of

this level is required to signal a reversal.