NYMEX HO (U19): Firmer ahead of Aug 13....>

OIL TECHS: NYMEX HO (U19): Firmer ahead of Aug 13 high

*RES 4: $1.9323 - Trendline resistance drawn off the May 16 high

*RES 3: $1.9129 - High Aug 2

*RES 2: $1.8839/8902 - High Aug 13 / 50-day EMA

*RES 1: $1.8439 - High Aug 15

*PRICE: $1.8589 @ 06:31 BST Aug 21

*SUP 1: $1.7914 - Low Aug 13

*SUP 2: $1.7719 - Low Aug 9

*SUP 3: $1.7450 - Low Aug 7 and bear trigger

*SUP 4: $1.7402 - Low Jun 5 (continuation)

HO continues to grind higher. Key resistance though remains $1.8839, the Aug 13

high. While gains since the low on Aug 7 have neutralised the recent bearish

tone, a break of $1.8839 is required to signal scope for an extension higher.

This would open $1.8902 initially, the 50-day EMA and $1.9129 . On the downside,

a move below the Aug 13 low of $1.7914 low would instead expose the key support

and bear trigger at $1.7450, the Aug 7 low.