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NYMEX HO (V19): Finds support *RES 4:.....>

OIL TECHS
OIL TECHS: NYMEX HO (V19): Finds support
*RES 4: $2.0000 - Round number resistance
*RES 3: $1.9813 - High Jul 31
*RES 2: $1.9648 - High Aug 1
*RES 1: $1.9624 - High Sep 10
*PRICE: $1.9117 @ 07:23 BST Sep 12
*SUP 1: $1.8885/51 - Low Sep 11 / Former trendline resistance off May 16 high
*SUP 2: $1.8444 - Low Sep 6
*SUP 3: $1.8006 - Low Sep 4
*SUP 4: $1.7770 - Low Sep 3 and key support
HO bullish conditions remain intact. Trendline resistance drawn off the May 16
high was cleared earlier this week. Monday also saw the break above $1.9206, Sep
5 high that reinforced the importance of the trendline break. Furthermore,
yesterday's sell-off found support at the former trendline resistance and just
below $1.8905, a former breakout point, Aug 13 high. The focus for now is on
1.9624, a break opens $1.9648 and 1.9813. Key intraday support lies at $1.8885.

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