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NYMEX HO (V19): Looking for direction.....>

OIL TECHS
OIL TECHS: NYMEX HO (V19): Looking for direction
*RES 4: $1.9813 - High Jul 31
*RES 3: $1.9648 - High Aug 1
*RES 2: $1.9624 - High Sep 10 and key resistance
*RES 1: $1.9168 - High Sep 12
*PRICE: $1.8826 @ 06:28 BST Sep 13
*SUP 1: $1.8444 - Low Sep 6
*SUP 2: $1.8006 - Low Sep 4
*SUP 3: $1.7883 - Trendline support drawn off the Aug 7 low
*SUP 4: $1.7770 - Low Sep 3 and key support
HO failed to hold above former trendline resistance drawn off the May 16 high
and cleared Monday. Price action did recover off the low however and presently
is trading at the trendline. A key support has been defined at $1.8444, Sep 6
low and needs to remain intact to maintain a bullish tone and target $1.9624,
Tuesday's high. Sub $1.8444 would expose trendline support at $1.7883, drawn off
the Aug 7 low instead. A trendline break would fuel bearish sentiment.

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