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NYMEX HO (G19) Bulls Need Close Above...>

COMMODITIES
COMMODITIES: NYMEX HO (G19) Bulls Need Close Above 21-DMA
*RES 3: $2.1235 - 200-dma
*RES 2: $1.9468 - 50-dma
*RES 1: $1.7831 - Intraday high
*PRICE: $1.7766 @ 15:07 GMT Jan 4
*SUP 1: $1.6380 - Low Dec 26
*SUP 2: $1.5489 - Low Aug 17, 2017 (continuation chart)
*SUP 3: $1.3563 - Low June 21, 2017 (continuation chart)
Heating Oil futures continue to improve off recent lows with bulls needing a
weekly close above the 21-dma to change the short-term outlook. A topside break
of the Dec 19 high at $1.8118, opens the 50-dma at $1.9468. Bears need to clear
the Dec 26 low at 1.6380 to extend the downtrend, bringing the Aug 17 2017 low
at $1.5489 into view.

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