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NYMEX HO: (V17) $1.6127-44 Resistance.....>

OIL TECHS
OIL TECHS: NYMEX HO: (V17) $1.6127-44 Resistance Region Key
*RES 4: $1.6330 - High Aug 18
*RES 3: $1.6144 - Hourly support Aug 21 now resistance
*RES 2: $1.6127 - 200-DMA
*RES 1: $1.6051 - High Aug 22
*PRICE: $1.5921 @ 0430GMT
*SUP 1: $1.5866 - Hourly resistance Aug 22 now support
*SUP 2: $1.5722 - Low Aug 21
*SUP 3: $1.5550 - Low Aug 17 
*SUP 4: $1.5534 - 100-DMA
*COMMENTARY: Pressure on the 200-DMA took its toll Monday with a break lower and
bearish close that sees immediate focus on the 100-DMA and overall focus on
$1.4972-1.5133. Bears need a close below $1.4972 to confirm focus on $1.3814
June lows. Layers of resistance are accumulating with bulls now looking for a
close above $1.6144 to confirm a break above the 200-DMA and shift initial focus
back to $1.6330.

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