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NYMEX HO (Z19): Correcting *RES 4:........>

OIL TECHS
OIL TECHS: NYMEX HO (Z19): Correcting
*RES 4: $2.0138 - High Sep 19
*RES 3: $1.9833 - 61.8% retracement of Sep 17 - Oct 3 low
*RES 2: $1.9799 - High Oct 24 and key near-term resistance
*RES 1: $1.9689 - High Nov 6
*PRICE: $1.9099 @ 08:12 GMT Nov 8
*SUP 1: $1.8729 - Low Nov 1
*SUP 2: $1.8594/88 - Low Oct 31/ Low Oct 8
*SUP 3: $1.8151 - Low Oct 3 and primary support
*SUP 4: $1.7825 - Low Sep 3
A strong rebound on Nov 1 in HO saw a bullish focus return with attention on key
resistance at $1.9799, Oct 24 high. If cleared, this would open $1.9833, 61.8%
of Sep 17 - Oct 3 decline and $2.0138, Sep 19 high. Key support has been defined
at $1.8594, Oct 31 low. A failure to hold above this support would highlight a
bearish threat and instead open $1.8151, Oct 3 low. For now the focus is on
gains, and the current pullback is viewed as a correction.

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