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

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.