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NYMEX HO: (V17) $1.7227 & $1.7860.........>

OIL TECHS
OIL TECHS: NYMEX HO: (V17) $1.7227 & $1.7860 Levels Key
*RES 4: $1.8291 - Bollinger band top
*RES 3: $1.8215 - Daily Bull channel top
*RES 2: $1.7983 - High Sept 8
*RES 1: $1.7860 - Hourly support Sept 8 now resistance
*PRICE: $1.7634 @ 0430GMT
*SUP 1: $1.7522 - Hourly resistance Sept 13 now support
*SUP 2: $1.7304 - Low Sept 13
*SUP 3: $1.7227 - Low Sept 11
*SUP 4: $1.7149 - Hourly support Sept 5a
*COMMENTARY: A lack of downside follow through so far this week sees the
correction from $1.7983 in trouble with bulls focused on the close above $1.7860
needed to reconfirm focus on the daily bull channel top. Daily studies
correcting from O/B are the key concern for bulls. In saying that, bears need a
close below $1.7522 to gain breathing room and below $1.7227 to confirm focus on
$1.6831-1.6974 where the 21-DMA is situated.

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