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

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.