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NYMEX HO: (Z17) $1.8525-86 Resistance.....>

OIL TECHS
OIL TECHS: NYMEX HO: (Z17) $1.8525-86 Resistance Region Key
*RES 4: $1.8586 - 2017 High Sept 26 (cont)
*RES 3: $1.8525 - High Sept 26 (Z17)
*RES 2: $1.8439 - Bollinger band top
*RES 1: $1.8334 - Hourly resistance Oct 25
*PRICE: $1.8274 @ 0330GMT
*SUP 1: $1.8151 - Hourly support Oct 24
*SUP 2: $1.7984 - Hourly support Oct 24a
*SUP 3: $1.7711 - Low Oct 24
*SUP 4: $1.7692 - Daily Bull channel base
*COMMENTARY: Dips below the 21-DMA ($1.7886) continue to find support ahead of
the daily bull channel base with the rally and bullish close Tuesday seeing
pressure back on the $1.8439-1.8586 region where 2017 highs and the Bollinger
top are located. Bulls look for a close above $1.8586 to shift focus to
$1.9357-1.9422 where the 200-WMA and bull channel top are situated. Bears now
need a close below $1.7984 to ease pressure on key resistance layers.

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