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NYMEX HO (V19): Heading north *RES 4:.....>

OIL TECHS
OIL TECHS: NYMEX HO (V19): Heading north
*RES 4: $2.0000 - Round number resistance
*RES 3: $1.9813 - High Jul 31
*RES 2: $1.9648 - High Aug 1
*RES 1: $1.9424 - Intraday high
*PRICE: $1.9337 @ 06:40 BST Sep 10
*SUP 1: $1.8915 - Trendline resistance-now-support drawn off May 16 high
*SUP 2: $1.8444 - Low Sep 6 and initial key support
*SUP 3: $1.8006 - Low Sep 4
*SUP 4: $1.7770 - Low Aug 3
HO bullish conditions remain intact. Trendline trendline resistance drawn off
the May 16 high has been cleared. Yesterday saw the break above former
resistance at $1.9206, the high of Sep 5 and reinforces the bullish significance
of the move through the trendline. This cements the bullish picture and paves
the way for strength towards $1.9648 and 1.9813, the highs of Aug 1 and Jul 31
respectively. The former trendline resistance now marks support at $1.8915.

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