NYMEX HO (V19): Key resistance intact.....>

OIL TECHS: NYMEX HO (V19): Key resistance intact

*RES 4: $1.9193 - High Aug 2

*RES 3: $1.9075 - Trendline resistance drawn off the May 16 high

*RES 2: $1.8905 - High Aug 13

*RES 1: $1.8817/1.8871 - 50-day EMA / Aug 21 high

*PRICE: $1.8144 @ 06:33 BST Sep 3

*SUP 1: $1.8019 - Intraday low

*SUP 2: $1.7973 - Low Aug 26 and key support

*SUP 3: $1.7515 - Low Aug 7 and bear trigger

*SUP 4: $1.7232 - 1.618 projection of Jul 11 - Jul 18 decline from Jul 31 high

HO failed Friday to hold onto last weeks gains, leaving the band of resistance

between $1.8817 - $1.8905 highlighted by the 50-day EMA and the Aug 13/21 highs

intact. Clearance here would remove any existing bearish threats and open the

$1.9075 trendline resistance, drawn off the May 16 high. A move above the

trendline would reinforce a bullish theme. On the downside, sub $1.7973 levels

would refocus attention on the downside once again, and expose $1.7515.