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NYMEX HO (G19) 50-DMA Remains The.........>

OIL TECHS: NYMEX HO (G19) 50-DMA Remains The Upside Target
*RES 4: $2.1229 - 200-dma 
*RES 3: $2.1000 - Prior range lows, now resistance 
*RES 2: $1.9443 - High Dec 7 
*RES 1: $1.8866 - 50-dma 
*PRICE: $1.8709 @ 05:47 GMT Jan 15 
*SUP 1: $1.7747 - 21-dma 
*SUP 2: $1.6380 - Low Dec 26 
*SUP 3: $1.5489 - Low Aug 17, 2017 (continuation chart) 
*SUP 4: $1.3563 - Low June 21, 2017 (continuation chart) 
Heating Oil futures have stabilized following yesterday's weakness, bringing the
focus back to the 50-dma at $1.8866. Above here would suggest gains towards the
Dec 7 highs which sit at $1.9443 and beyond. Bears need to close back below the
21-dma at 1.7747 to open the Dec 26 low at $1.6380.

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