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NYMEX HO (H19) Bulls Back In Charge.......>

OIL TECHS
OIL TECHS: NYMEX HO (H19) Bulls Back In Charge
*RES 4: $2.4496 - High Oct 3 (continuation chart) 
*RES 3: $2.2000 - Pivot 
*RES 2: $2.0854 - 200-dma (continuation chart) 
*RES 1: $2.0450 - High Feb 22 
*PRICE: $2.0198 @ 05:47 GMT Feb 28 
*SUP 1: $1.9601/$1.9691 - 21-dma/Low Feb 25
*SUP 2: $1.8346 - Low Jan 28 
*SUP 3: $1.7843 - Low Nov 30 (continuation chart) 
*SUP 4: $1.6424 - Low Jan 2 (continuation chart) 
Heating oil futures are honing in on the Feb 22 high at $2.0450 as recent
weakness has proved short lived. Above here opens the 200-dma which crosses at
$2.0854. To regain the upper hand bears need a break back below the Feb 25 low
at $1.9691 and the 21-dma at $1.9601. A break below here would bring the Jan 28
low at $1.8346 into play, ahead of the Nov 30 low at $1.7900.

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