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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: $1.9624 - High Sep 10
*PRICE: $1.9416 @ 06:49 BST Sep 11
*SUP 1: $1.8981 - Low Sep 9
*SUP 2: $1.8883 - Trendline resistance-now-support drawn off May 16 high
*SUP 3: $1.8444 - Low Sep 6
*SUP 4: $1.8006 - Low Sep 4
HO bullish conditions remain intact. Trendline resistance drawn off the May 16
high was cleared earlier this week. Monday also saw the break above former
resistance at $1.9206, the high of Sep 5 reinforcing the bullish significance of
the move through the trendline. This 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 $1.8883.

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