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NYMEX HO: (Z17) Bears Need Close Below....>

OIL TECHS
OIL TECHS: NYMEX HO: (Z17) Bears Need Close Below 21-DMA
*RES 4: $1.9125 - Daily Bull channel top
*RES 3: $1.8525 - 2017 High Sept 26
*RES 2: $1.8461 - Bollinger band top
*RES 1: $1.8207 - 21-DMA
*PRICE: $1.8092 @ 0330GMT
*SUP 1: $1.7996 - Hourly resistance Oct 13 now support
*SUP 2: $1.7862 - 21-DMA
*SUP 3: $1.7830 - Hourly support Oct 13
*SUP 4: $1.7712 - Hourly support Oct 13a
*COMMENTARY: Daily studies correcting from O/S added support last week with the
close above the 21-DMA seeing immediate bullish focus on $1.8207 and overall
focus on the break of $1.8525 needed to target the bull channel top. Layers of
support continue to build with bears now needing a close below the 21-DMA to
ease immediate bullish pressure and below the channel base ($1.7396) to pressure
$1.7024-1.7188 with the 55-DMA at $1.7125.

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