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NYMEX HO: (U18) Resistance At July 10.....>

OIL TECHS
OIL TECHS: NYMEX HO: (U18) Resistance At July 10 High Holds Firm
*RES 4: $2.4000 - Measured move from bull flag breakout 
*RES 3: $2.2970 - High May 22 
*RES 2: $2.2440 - High May 31 
*RES 1: $2.2387 - High July 10 
*PRICE: $2.2149 @ 04:09 GMT 
*SUP 1: $2.1836 - High Jul 27 
*SUP 2: $2.1416 - High Aug 21 
*SUP 3: $2.0760 - Low Aug 15 
*SUP 4: $2.0490 - Low July 18 
Resistance at the July 10 high of $2.2387 continues to hold firm with the
failure to break above this level yesterday pointing towards some hesitation in
the broader uptrend. This level is key as a break above it would open up the May
22 high at $2.2970 and the measured move from the bull flag breakout that comes
in at around $2.4000. Failure to overcome the July 10 high would allow bears to
target a move back below $2.1836 and potentially the Aug 15 low.

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