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NYMEX HO: (Q18) $2.1255 & $2.1944.........>

OIL TECHS
OIL TECHS: NYMEX HO: (Q18) $2.1255 & $2.1944 Levels Key Today
*RES 4: $2.2960 - 2018 High May 17
*RES 3: $2.2421 - High May 31
*RES 2: $2.2105 - Bollinger band top
*RES 1: $2.1944 - High June 28
*PRICE: $2.1755 @ 0430GMT
*SUP 1: $2.1617 - 55-DMA
*SUP 2: $2.1465 - 21-DMA
*SUP 3: $2.1255 - Hourly support June 26
*SUP 4: $2.0928 - Daily Bull channel base off Feb low
*COMMENTARY: The recovery from the dip back to $2.0689 is recent weeks sees
pressure on $2.1944 with a close above needed to confirm a break of the bear
channel top off May 22 highs and shift focus to $2.2421-2960 where 2018 highs
are noted. Bears now look for a close below $2.1255 to confirm breaks of 21 &
55-DMAs and to shift focus back to $2.0612-0928 where the bull channel base off
Feb lows and the 100-DMA ($2.0612) are situated.

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