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NYMEX HO: (Z17) $1.7494 Support Remains...>

OIL TECHS
OIL TECHS: NYMEX HO: (Z17) $1.7494 Support Remains Key
*RES 4: $1.8302 - High Oct 16
*RES 3: $1.8249 - High Oct 17
*RES 2: $1.8185 - High Oct 18
*RES 1: $1.8025 - Hourly resistance Oct 23
*PRICE: $1.7888 @ 0330GMT
*SUP 1: $1.7850 - Hourly support Oct 20
*SUP 2: $1.7650 - Daily Bull channel base
*SUP 3: $1.7618 - Low Oct 20
*SUP 4: $1.7494 - Low Oct 12
*COMMENTARY: Topside follow was lacking last week resulting in a dip back
towards the bull channel base. The bounce Friday remained capped ahead of
$1.8302 with bulls needing a close above to end correction talk and shift
immediate focus to 2017 highs and overall focus to the channel top ($1.9379).
The $1.7494 support remains key. Bears need a close below to confirm a break of
the bull channel base and initially target $1.7024-1.7276 where the 55-DMA sits.

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