NYMEX HO: (Q18) $2.0312-0838 Support......>

OIL TECHS: NYMEX HO: (Q18) $2.0312-0838 Support Region Key

*RES 4: $2.1913 - High June 13

*RES 3: $2.1548 - 55-DMA

*RES 2: $2.1463 - Low June 13 now resistance

*RES 1: $2.1391 - High June 20

*PRICE: $2.1069 @ 0430GMT

*SUP 1: $2.0838 - Daily Bull channel base off Feb low

*SUP 2: $2.0689 - Low June 18

*SUP 3: $2.0550 - 100-DMA

*SUP 4: $2.0312 - Low Apr 11

*COMMENTARY: The failure ahead of the 55-DMA last week keeps bearish hopes alive

and sees focus back on $2.0312-0838 where the 100-DMA & bull channel base off

Feb lows are located. Bears now need a close below $2.0312 to confirm a break of

the 100-DMA and focus on $1.9428-1.9920. Bulls still need a close above the

55-DMA to ease bearish pressure and above $2.1913 to shift focus back to

$2.2421-2960.