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NYMEX HO (H19) Shallow Correction Over....>

OIL TECHS
OIL TECHS: NYMEX HO (H19) Shallow Correction Over
*RES 4: $2.4496 - High Oct 3 (continuation chart) 
*RES 3: $2.2000 - Pivot 
*RES 2: $2.0931 - 200-dma (continuation chart) 
*RES 1: $2.0430 - July 18 low, now resistance (continuation chart) 
*PRICE: $2.0206 @ 05:44 GMT Feb 21 
*SUP 1: $1.9228 - 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 are back above $2.0 suggesting that the recent corrective
pullback is over as the focus returns to Monday's highs. Above here would bring
the July 18 low at $2.0430 into play ahead of the 200-dma. To change the outlook
bears need to take out the 21-dma down at $1.9228. Below here would bring the
Nov 30 low at $1.7900 into focus. 

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