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NYMEX HO: (Z17) Bulls Need Close Above....>

OIL TECHS
OIL TECHS: NYMEX HO: (Z17) Bulls Need Close Above $1.9033
*RES 4: $1.9761 - Daily Bull channel top
*RES 3: $1.9297 - 200-WMA
*RES 2: $1.9085 - Bollinger band top
*RES 1: $1.9033 - High June 30 2015 (cont)
*PRICE: $1.8896 @ 0430GMT
*SUP 1: $1.8802 - Hourly resistance Nov 1 now support
*SUP 2: $1.8523 - Low Nov 3
*SUP 3: $1.8380 - Low Nov 2
*SUP 4: $1.8209 - 21-DMA
*COMMENTARY: Bears failed to take advantage of a bearish key day reversal last
week with the failure to trouble the 21-DMA seeing pressure back on $1.9033.
Bulls need a close above this level to reconfirm the bullish bias and initially
target the 200-WMA. Bears now need a close below $1.8802 to gain breathing room
and hint at a correction back to $1.8209-1.8380. O/B daily studies remain the
key concern for bulls.

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