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NYMEX HO: (X18) Back Above $2.30 *RES....>

OIL TECHS
OIL TECHS: NYMEX HO: (X18) Back Above $2.30 
*RES 4: $2.6000 - Resistance 
*RES 3: $2.5500 - Channel top 
*RES 2: $2.4496 - High Oct 3 
*RES 1: $2.3590 - Low Oct 8, now resistance 
*PRICE: $2.3020 @ 05:22 GMT 
*SUP 1: $2.3000 - Support 
*SUP 2: $2.1974 - Low Sep 18 
*SUP 3: $2.1813 - High Aug 14 now support 
*SUP 4: $2.1237 - 200-dma 
Bears failed to extend losses following the close below $2.30 on Thursday which
has seen bulls recover this level to keep the broader positive trend intact. A
hold of $2.30 is needed to put the focus on the Oct 8 low at $2.3590 now acting
as resistance, and a break above here opens the Oct 3 peak. A break below
Thursday's low at $2.2838 would target the Sep 18 low at $2.1974, below which
the bigger picture outlook turns negative. 

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