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NYMEX HO: (X17) Bulls Targeting $1.9618...>

OIL TECHS
OIL TECHS: NYMEX HO: (X17) Bulls Targeting $1.9618
*RES 4: $1.8952 - High June 30 2015
*RES 3: $1.8905 - Daily Bull channel top B
*RES 2: $1.8698 - Bollinger band top
*RES 1: $1.8554 - Daily Bull channel top A
*PRICE: $1.8552 @ 0430GMT
*SUP 1: $1.8462 - Hourly support Sept 25
*SUP 2: $1.8283 - Hourly support Sept 25a
*SUP 3: $1.8143 - High Sept 22 now support
*SUP 4: $1.7969 - Low Sept 25
*COMMENTARY: Gains continue for the contract with overall bullish focus now
shifting to tests of the $1.9618 May 29 2015 highs. O/B daily studies and the
Bollinger band top remain key concerns for bulls. Layers of support accumulating
adds to bullish confidence. Bears now look for a close below $1.8462 to gain
breathing room and below $1.8173 to hint at a correction back to $1.7534.

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