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NYMEX HO: (X18) New Highs Look Likely.....>

OIL TECHS
OIL TECHS: NYMEX HO: (X18) New Highs Look Likely
*RES 4: $2.7900 - Resistance 
*RES 3: $2.6000 - Resistance 
*RES 2: $2.5500 - Channel top 
*RES 1: $2.5000 - Resistance 
*PRICE: $2.4191 @ 05:21 GMT 
*SUP 1: $2.3588 - Low Oct 8
*SUP 2: $2.3000 - Support 
*SUP 3: $2.1974 - Low Sep 18 
*SUP 4: $2.1813 - High Aug 14 now support 
After recovering the $2.40 level yesterday the near-term outlook has turned
positive once again, aligning with the longer term positive trend. This puts the
focus on the Oct 3 high of $2.4496 and the $2.50 level just above it. A break
above here would extend the broader rally. Bears need a break back below
Monday's low at $2.3588 to gain the upper hand in the near term and close below
$2.30 to mount a reversal. 

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