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NYMEX HO (H19) Pullback Remains Shallow...>

OIL TECHS
OIL TECHS: NYMEX HO (H19) Pullback Remains Shallow
*RES 4: $2.4496 - High Oct 3 (continuation chart) 
*RES 3: $2.2000 - Pivot 
*RES 2: $2.0880 - 200-dma (continuation chart) 
*RES 1: $2.0450 - High Feb 22 
*PRICE: $2.0079 @ 05:09 GMT Feb 27 
*SUP 1: $1.9484 - 21-dma 
*SUP 2: $1.8346 - Low Jan 28 (continuation chart) 
*SUP 3: $1.7843 - Low Nov 30 (continuation chart) 
*SUP 4: $1.6424 - Low Jan 2 (continuation chart) 
Heating oil futures have recovered most of Monday's selloff which returns the
focus to the upside and on Friday's high at $2.0450. Above here opens the
200-dma which crosses at $2.0880. To regain the upper hand bears need a break
back below the 21-dma at $1.9484. 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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