NYMEX HO (X19): Holding Onto Gains *RES...>

OIL TECHS: NYMEX HO (X19): Holding Onto Gains

*RES 4: $2.0355 - 1.00 projection of Oct 3 - Oct 11 rally from Oct 15 low

*RES 3: $2.0299 - 76.4% retracement of Sep 17 - Oct 3 low

*RES 2: $2.0223 - High Sep 19

*RES 1: $1.9924 - High Oct 24

*PRICE: $1.9797 @ 07:05 BST Oct 28

*SUP 1: $1.9201 - Low Oct 23

*SUP 2: $1.8894 - Low Oct 15

*SUP 3: $1.8744 - Low Oct 8 and key near-term support

*SUP 4: $1.8239 - Low Oct 3 and bear trigger

HO ended last week on a firm note following the confirmed breach of the $1.9700

former resistance. A clear bullish price structure of higher highs and higher

lows has also been established. Furthermore, 61.8% of the Sep 17 - Oct 3 decline

at $1.9905 has been tested and attention turns to the 76.4% retracement at

$2.0299. On the downside, support has been defined at $1.9201, Oct 23 low.