NYMEX HO (H19) Prior Range Lows Act As....>

OIL TECHS: NYMEX HO (H19) Prior Range Lows Act As Resistance

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

*RES 3: $2.2000 - Pivot 

*RES 2: $2.0908 - 200-dma (continuation chart) 

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

*PRICE: $2.0311 @ 04:54 GMT Feb 25 

*SUP 1: $1.9789 - Low Feb 20

*SUP 2: $1.9368 - 21-dma

*SUP 3: $1.7900 - Low Nov 30 (continuation chart) 

*SUP 4: $1.6424 - Low Jan 2 (continuation chart)

Heating oil futures were unable to break back above the July 18 low at $2.0430

on Friday and have given back some gains today. The broader bullish trend

remains intact though with the bulls focussed on the 200-dma which crosses at

$2.0908. A close above here would suggest a run at the $2.20 level. To change

the outlook bears need to take out the 21-dma down at $1.9368. Below here would

bring the Nov 30 low at $1.7900 into focus.