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Challenging Jan lows *RES 4: $2.0476 -....>

OIL TECHS
OIL TECHS: Challenging Jan lows
*RES 4: $2.0476 - 200-dma
*RES 3: $1.9909 - 100-dma
*RES 2: $1.9382 - Low Mar 28, now resistance
*RES 1: $1.9000 - High May 31
*PRICE: $1.8273 @ 06:01 GMT Jun 3
*SUP 1: $1.8102 - Intraday low
*SUP 2: $1.7757 - Low Jan 8
*SUP 3: $1.7593 - 76.4% retracement of Jan-May rally
*SUP 4: $1.7236 - Low Jan 4
Heating oil futures closed at multi-month lows on Friday with the downtrend
extending through Asia. This brings the Jan 8 low back into view at $1.7757,
ahead of the 76.4% retracement of the Jan-May rally at $1.7593. A topside break
of $1.9000 is needed to stabilise the outlook, above here opens a run at the
100-dma at $1.9909.

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