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NYMEX HO (Z19): Holding Onto Gains........>

OIL TECHS
OIL TECHS: NYMEX HO (Z19): Holding Onto Gains Within The Range
*RES 4: $2.0230 - 76.4% retracement of Sep 17 - Oct 3 decline
*RES 3: $1.9799 - High Oct 24 and key near-term resistance
*RES 2: $1.9689 - High Nov 6
*RES 1: $1.9612 - High Nov 15
*PRICE: $1.9466 @ 06:57 GMT Nov 26
*SUP 1: $1.8830 - Low Nov 21
*SUP 2: $1.8468 - Low Nov 20
*SUP 3: $1.8151 - Low Oct 3 and primary support
*SUP 4: $1.7825 - Low Sep 3
HO rebounded sharply last Wednesday and Thursday, taking prices back into the
broad range that has dominated since early October. Attention remains on key
resistance at $1.9799, Oct 24 high and $1.9833, 61.8|% retracement of the Sep 17
- Oct 3 decline. A breach of this zone would highlight an important breakout and
establish an uptrend. This would pave the way for a move towards the $2.0230,
76.4% retracement. Key support is $1.8468, Nov 20 low.
Energy BulletsCommodities
Energy BulletsCommodities

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