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NYMEX HO (H19) Approaching $2.0 *RES 3:...>

OIL TECHS
OIL TECHS: NYMEX HO (H19) Approaching $2.0
*RES 3: $2.2000 - Pivot 
*RES 2: $2.0972 - 200-dma (continuation chart) 
*RES 1: $2.0430 - Prior range lows, now resistance (continuation chart) 
*PRICE: $1.9828 @ 01:54 GMT Feb 15 
*SUP 1: $1.8466 - 50-dma (continuation chart) 
*SUP 2: $1.7900 - Low Nov 30 (continuation chart) 
*SUP 3: $1.6424 - Low Jan 02 *SUP 4: $1.5488 - Low Aug 17, 2017 (continuation
chart) 
Heating oil futures overcame their Dec 7 highs yesterday to close in on the $2.0
level and the prior range lows at $2.0430. A break above here would suggest a
return tp the 200-dma. Bears look for a downside break below the 50-dma at
$1.8466 to shift the outlook negative and bring the Nov 30 low at $1.7900 into
focus.

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