NYMEX HO (G19) Rally Intact Above.........>

OIL TECHS: NYMEX HO (G19) Rally Intact Above 21-DMA 

*RES 4: $2.1064 - 200-dma (continuation chart) 

*RES 3: $2.0430 - Prior range lows, now resistance (continuation chart) 

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

*RES 1: $1.9295 - High Jan 31 

*PRICE: $1.9120 @ 05:05 GMT Feb 4

*SUP 1: $1.8817 - 21-dma (continuation chart) 

*SUP 2: $1.7843 - Low Nov 30 (continuation chart) 

*SUP 3: $1.6424 - Low Jan 02 

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

Heating Oil managed to hold above its 21dma at $1.8817 on Friday keeping the

recovery alive and shifting focus back on the Jan 31 high at $1.9295. Above here

would extend the recovery and trigger an inverse head and shoulders pattern,

initially targeting the Dec 7 highs ahead of the July 18 lows. Bears need a

close below the 21dma to reignite bearish momentum and open the Nov 30 low at

$1.7834 ahead of the Jan 2 low at $1.6424.