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NYMEX HO: (Z17) $1.8255-1.8525 Support....>

OIL TECHS: NYMEX HO: (Z17) $1.8255-1.8525 Support Remains Key
*RES 4: $1.9591 - Daily Bull channel top
*RES 3: $1.9328 - 200-WMA
*RES 2: $1.9033 - High June 30 2015 (cont)
*RES 1: $1.8814 - 2017 High Oct 30
*PRICE: $1.8772 @ 0430GMT
*SUP 1: $1.8629 - Low Oct 30
*SUP 2: $1.8525 - High Sept 26 (Z17) now support
*SUP 3: $1.8255 - Hourly resistance Oct 25 now support
*SUP 4: $1.8079 - Low Oct 26
*COMMENTARY: Gains continued Monday with fresh 2017 and 2+ year highs that sees
bulls focused on the 200-WMA and then the daily bull channel top above. The
Bollinger top ($1.8795) and O/B studies are less than ideal for bulls. In saying
that, bears now need a close below $1.8525 to ease bullish pressure and below
$1.8255 to return focus to $1.7711-1.7995 where the 21-DMA ($1.7995) and bull
channel base ($1.7862) are situated.

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