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NYMEX HO (G19) Heating Oil Cooling......>

COMMODITIES
COMMODITIES: NYMEX HO (G19) Heating Oil Cooling Down
*RES 5: $2.3627 - Low Oct 8, now resistance
*RES 4: $2.2300 - Resistance
*RES 3: $2.1259 - 200-dma
*RES 2: $1.8005 - 21-dma
*RES 1: $1.7539 - High Jan 3 2016
*PRICE: $1.6795 @ 11:19 GMT Dec 31
*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 is cooling down as it looks likely to end the year at YTD lows. On
Dec 28 it broke to the downside of the triangle formation and bears will now
look to Aug 17, 2017 low at $1.5489. Bulls need to recover the 21-dma at $1.8005
to to shift the outlook bullish and open the 200-dma at $2.1259.

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