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NYMEX HO (U19): Multiple Bearish..........>

OIL TECHS
OIL TECHS: NYMEX HO (U19): Multiple Bearish Signals
*RES 4: $2.0181 - High Jul 11 and key resistance
*RES 3: $1.9647 - High Jul 31
*RES 2: $1.9471 - High Jul 24
*RES 1: $1.9129 - High Aug 2
*PRICE: $1.8468 @ 08:42 BST Aug 6
*SUP 1: $1.8256 - Intraday low
*SUP 2: $1.7717 - Low Jun 12
*SUP 3: $1.7402 - Low Jun 5
*SUP 4: $1.6801 - Low Jan 3
HO has broken sharply lower through multiple key support levels to generative
significant bearish technical signals. Trendline support and near-term pivotal
support have both been breached. Trend and momentum indicators are also giving
negative signals. Medium term focus is now set to return to the 1.7402 June low.

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