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NYMEX HO: (Z17) $1.7494 Support Now Key...>

OIL TECHS
OIL TECHS: NYMEX HO: (Z17) $1.7494 Support Now Key
*RES 4: $1.8185 - High Oct 18
*RES 3: $1.8050 - Hourly support Oct 18 now resistance
*RES 2: $1.7924 - Hourly resistance Oct 19
*RES 1: $1.7889 - 21-DMA
*PRICE: $1.7752 @ 0330GMT
*SUP 1: $1.7694 - Low Oct 19
*SUP 2: $1.7565 - Daily Bull channel base
*SUP 3: $1.7494 - Low Oct 12
*SUP 4: $1.7222 - 55-DMA
*COMMENTARY: Hesitation ahead of $1.8302 has resulted in a close below the
21-DMA with immediate focus on $1.7494-1.7565 where the bull channel base is
noted. Bears now need a close below $1.7494 to confirm a break of the channel
base and initially target $1.7024-1.7222 where the 55-DMA is found. Bulls now
need a close above $1.7924 to ease renewed bearish pressure and above $1.8302 to
reconfirm a bullish bias initially targeting 2017 highs.

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