NYMEX HO: (F19) Downtrend Intact Below....>

OIL TECHS: NYMEX HO: (F19) Downtrend Intact Below 21-DMA 

*RES 4: $2.3627 - Low Oct 8, now resistance 

*RES 3: $2.2300 - Resistance 

*RES 2: $2.1451 - 200-dma 

*RES 1: $1.9197 - 21-dma 

*PRICE: $1.8593 @ 05:40 GMT 

*SUP 1: $1.7843 - Low Nov 30 

*SUP 2: $1.7539 - High Jan 3 2016 

*SUP 3: $1.5489 - Low Aug 17, 2017 (continuation chart) 

*SUP 4: $1.3563 - Low June 21, 2017 (continuation chart) 

Jan-19 Heating oil remains in its broad downtrend after Friday's failure to

break above the 21-dma saw focus return tot he range lows. This Nov 30 low at

$1.7843 is the target for the bears, below which would extend the selloff to the

next downside target which comes in at the Jan 2016 highs. Bulls need to close

above the 21-dma at $1.9197 to shift the near-term outlook positive and open the

200-dma at $2.1451.