NYMEX HO (X19): Has Filled The Gap *RES...>

OIL TECHS: NYMEX HO (X19): Has Filled The Gap

*RES 4: $2.0935 - High Sep 17 and bull trigger

*RES 3: $2.0223 - High Sep 19 and key resistance

*RES 2: $1.9911 - High Sep 24

*RES 1: $1.9608 - High Sep 27

*PRICE: $1.9112 @ 07:32 BST Oct 2

*SUP 1: $1.8867 - Low Oct 1

*SUP 2: $1.8898 - High Sep 13 and gap low

*SUP 3: $1.8515 - Low Sep 12

*SUP 4: $1.8460 - Low Sep 6

HO remains bearish and did trade lower again yesterday, this time to a low of

$1.8867 confirming the gap created in the chart by the risk related spike on Sep

16, has been filled. The outlook remains bearish and the focus shifts to the Sep

12 low of $1.8515. Initial resistance has been defined at $1.9608, Sep 27 high,

however a break above $2.0223, Sep 19 high is required to reinstate a bullish

theme.