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NYMEX HO (J19) Back In Range *RES 4:......>

OIL TECHS
OIL TECHS: NYMEX HO (J19) Back In Range
*RES 4: $2.2211 - Low Oct 25 
*RES 3: $2.2006 - High Nov 8
*RES 2: $2.0741 - 200-dma 
*RES 1: $2.0479 - High Mar 1 
*PRICE: $2.0072 @ 05:42 GMT Mar 4
*SUP 1: $1.9627/$1.9791 - 21-dma/Low Mar 1 
*SUP 2: $1.9302 - High Feb 4 
*SUP 3: $1.8311 - Low Jan 28 
*SUP 4: $1.7659 - Low Nov 30 (continuation chart) 
Heating oil futures fell back into their range after Friday's failed breakout
but the 21-dma remains intact. Bears need to break below here to suggest a
downside reversal to the Feb 4 high at $1.9302 ahead of the Jan 28 low at
$1.8311. To reignite upside momentum bulls need to overcome Friday's high at
$2.0479 which would bring the 200-dma at $2.0741 into play. 

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