NYMEX HO: (U18) 55-DMA Remains Key........>

OIL TECHS: NYMEX HO: (U18) 55-DMA Remains Key Resistance

*RES 4: $2.1738 - 55-DMA

*RES 3: $2.1615 - Low July 6 now resistance

*RES 2: $2.1433 - 21-DMA

*RES 1: $2.1272 - Hourly resistance July 24

*PRICE: $2.1202 @ 0430GMT

*SUP 1: $2.1003 - Low July 23

*SUP 2: $2.0888 - Low July 20

*SUP 3: $2.0713 - Low July 19

*SUP 4: $2.0474 - Low July 18

*COMMENTARY: The sell-off last week found support around the weekly bull channel

base ($2.0635) off 2017 lows before recovering lost ground Friday. Bulls

continue to look for a close above the 55-DMA to shift initial focus back to

$2.2042-2.2474 where the bear channel top ($2.2207) is noted. Bears still need a

close below $2.0888 to reconfirm focus on $2.0314-0713 where the bull channel

base is located.