(U18) Impulsive Rally Has Legs *RES 4:....>

OIL TECHS: (U18) Impulsive Rally Has Legs

*RES 4: $2.1288 - High July 30 

*RES 3: $2.1006 - Hourly support now resistance 

*RES 2: $2.0955 - Hourly High July 31 

*RES 1: $2.0837 - Hourly High August 2 

*PRICE: $2.0682 @ 0605GMT

*SUP 1: $2.0576 - Hourly High August 2

*SUP 2: $2.0226 - Low August 2 

*SUP 3: $1.9715 - Low July 17 

*SUP 4: $1.9613 - 200-DMA 

Yesterday's gains appear impulsive in nature and a break of the intraday highs

of $2.0837 would likely trigger fresh upside momentum as bulls target $2.1006.

Bears would need to see a break below $2.0576 to undo some of yesterday's

bullish price action, while a break back below yesterday's low of $2.0226 would

be needed to re-establish the bearish trend.