NYMEX HO (G19) Close Above Jan 11 High....>

OIL TECHS: NYMEX HO (G19) Close Above Jan 11 High Is Key 

*RES 4: $2.184 - 200-dma 

*RES 3: $2.1000 - Prior range lows, now resistance 

*RES 2: $1.9443 - High Dec 7 

*RES 1: $1.9226 - High Jan 11 

*PRICE: $1.9149 @ 05:51 GMT Jan 22 

*SUP 1: $1.8505 - Low Jan 15 

*SUP 2: $1.8029 - 21-dma 

*SUP 3: $1.6380 - Low Dec 26 

*SUP 4: $1.5489 - Low Aug 17, 2017 (continuation chart) 

Heating Oil futures are looking to close above the Jan 11 high at $1.9226 after

briefly taking out this level in Asian trading. This would extend the recovery

and trigger an potential inverse head and shoulders pattern initially targeting

the Dec 7 highs ahead of prior range lows at $2.1000. To regain control bears

would need to close back below the Jan 15 low at $1.8505 ahead of the 21-dma at

$1.8029, allowing a run at the Dec 26 low at $1.6380.