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NYMEX HO: (X17) Looking A Little Heavy....>

OIL TECHS: NYMEX HO: (X17) Looking A Little Heavy
*RES 4: $1.8643 - Daily Bull channel top A
*RES 3: $1.8586 - 2017 High Sept 26
*RES 2: $1.8432 - Hourly resistance Sept 28a
*RES 1: $1.8257 - Hourly resistance Sept 28
*PRICE: $1.8217 @ 0430GMT
*SUP 1: $1.8107 - Low Sept 26
*SUP 2: $1.7969 - Low Sept 25
*SUP 3: $1.7919 - Low Sept 21
*SUP 4: $1.7709 - 21-DMA
*COMMENTARY: Continued hesitation ahead of the daily bull channel top is taking
its toll with the contract looking heavy and pressuring $1.8107. Bears continue
to look for a close below $1.7919 to shift immediate focus to $1.7534-1.7709
where the 21-DMA is located. Daily studies correcting from O/B increase the risk
of a correction. Layers of support are weighing with bulls needing a close above
$1.8432 to retain pressure on the channel top & 2017 highs.

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