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NYMEX HO: (X17) Bullish Bias..............>

OIL TECHS
OIL TECHS: NYMEX HO: (X17) Bullish Bias Reconfirmed
*RES 4: $1.8425 - Bollinger band top
*RES 3: $1.8420 - Daily Bull channel top
*RES 2: $1.8138 - 2017 High Jan 3
*RES 1: $1.8034 - High Sept 20
*PRICE: $1.7963 @ 0430GMT
*SUP 1: $1.7880 - Hourly resistance Sept 20 now support
*SUP 2: $1.7646 - Hourly support Sept 19
*SUP 3: $1.7534 - Low Sept 19
*SUP 4: $1.7319 - Hourly support Sept 13
*COMMENTARY: Bulls accounted for the recent lack of topside follow through with
fresh 8mth highs Wednesday reconfirming the bullish bias, focus on 2017 highs
and the daily bull channel top. Daily momentum divergence and correcting O/B
studies remain the key concern for bulls. Bears now look for a close below
$1.7880 to ease immediate bullish pressure and below $1.7534 to shift focus back
to $1.7121-1.7232 where the 21-DMA is located.

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