NYMEX HO (G19) Sideways Trading Range.....>

OIL TECHS: NYMEX HO (G19) Sideways Trading Range Intact

*RES 4: $2.1161 - 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: $1.9265 - High Jan 21 

*PRICE: $1.9034 @ 05:42 GMT Jan 25

*SUP 1: $1.8502 - Low Jan 15 

*SUP 2: $1.8294 - 21-dma (continuation chart) 

*SUP 3: $1.6424 - Low Jan 02 

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

Heating Oil futures continue to sit in the middle of their recent sideways

trading range with the Jan 21 high at $1.9265 capping gains. A break above here

would extend the recovery and trigger a potential inverse head and shoulders

pattern initially targeting the Dec 7 highs ahead of prior range lows at

$2.0518. To regain control bears would need to close back below the Jan 15 low

at $1.8502 ahead of the 21-dma at $1.8294.