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NYMEX HO (J19) A Close Above $2.0 Would...>

OIL TECHS
OIL TECHS: NYMEX HO (J19) A Close Above $2.0 Would Be Bullish
*RES 4: $2.2206 - High Nov 8 
*RES 3: $2.0565 - 200-dma 
*RES 2: $2.0479 - High Mar 1 
*RES 1: $2.0141 - High Mar 20 
*PRICE: $1.9912 @ 05:34 GMT Mar 27 
*SUP 1: $1.9349/9302 - Low Mar 22/High Feb 4 
*SUP 2: $1.9132 - 100-dma 
*SUP 3: $1.8625 - Low Feb 7 
*SUP 4: $1.8311 - Low Jan 28 
Heating oil futures refuse to break lower keeping the broader uptrend intact.
Bulls now look for a close back above $2.0 to return the focus to the March 20
high at $2.0141. Above here would suggest a potential bull flag breakout opening
the March 1 high at $2.0479 ahead of the 200-dma which crosses at $2.0565. Below
Friday's low at fresh $1.9349 and the Feb 4 high at $1.9302 would bring the
100-dma back into play at $1.9132.

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