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

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

*RES 4: $2.1153 - 200-dma (continuation chart)

*RES 3: $2.0518 - Prior range lows, now resistance (continuation chart)

*RES 2: $1.9534 - High Dec 7 (continuation chart)

*RES 1: $1.9235 - High Jan 11

*PRICE: $1.8953 @ 05:34 GMT Jan 23

*SUP 1: $1.8502 - Low Jan 15

*SUP 2: $1.8029 - 21-dma (continuation chart)

*SUP 3: $1.6424 - Low Jan 02

*SUP 4: $1.5488 - Low Aug 17, 2017 (continuation chart)

Heating Oil futures are looking break above the Jan 11 high after a look above

yesterday. This would extend the recovery and trigger a potential inverse head

and shoulders pattern initially targeting the Dec 7 highs ahead of prior range

lows. To regain control bears would need to close back below the Jan 15 low at

$1.8502 ahead of the 21-dma at $1.8028.