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NYMEX HO: (Q18) $2.2196-2.2421............>

OIL TECHS
OIL TECHS: NYMEX HO: (Q18) $2.2196-2.2421 Resistance Region Key
*RES 4: $2.2202 - Bollinger band top
*RES 3: $2.2196 - High June 29
*RES 2: $2.2022 - High July 5
*RES 1: $2.1881 - Hourly resistance July 5
*PRICE: $2.1762 @ 0430GMT
*SUP 1: $2.1628 - Low July 5
*SUP 2: $2.1510 - 21-DMA
*SUP 3: $2.1412 - Low July 3
*SUP 4: $2.1255 - Hourly support June 26
*COMMENTARY: The recovery from the dip back to $2.0689 stalled ahead of the
$2.2421 resistance and dipped below the 21-DMA Tuesday. Bears look for a close
below $2.1255 to confirm breaks of 21 & 55 ($2.1697) DMAs and to shift focus
back to $2.0689-1048 where the bull channel base off Feb lows and the 100-DMA
($2.0737) are situated. Bulls need a close above $2.2196 to gain breathing room
and above $2.2421 to return focus to 2018 highs.

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