NYMEX HO (H19) Back Below $2.0 *RES 4:...>

OIL TECHS: NYMEX HO (H19) Back Below $2.0 

*RES 4: $2.4496 - High Oct 3 (continuation chart) 

*RES 3: $2.2000 - Pivot 

*RES 2: $2.0934 - 200-dma (continuation chart) 

*RES 1: $2.0430 - July 18 low, now resistance (continuation chart) 

*PRICE: $1.9988 @ 05:27 GMT Feb 20 

*SUP 1: $1.9219 - 21-dma (continuation chart) 

*SUP 2: $1.7900 - Low Nov 30 (continuation chart) 

*SUP 3: $1.6424 - Low Jan 2 

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

Heating oil futures have edged back below $2.0 as the pullback from Monday's

highs continues. That said, bears need to take out the 21-dma down at $1.9219 to

suggest a downside reversal. Below here would bring the Nov 30 low at $1.7900

into focus. Bulls continue to target the July 18 low at $2.0430 to extend the

rally, with a break above here suggesting a return tp the 200-dma.