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NYMEX HO (J19) Bears Have The Upper.......>

OIL TECHS
OIL TECHS: NYMEX HO (J19) Bears Have The Upper Hand
*RES 4: $2.2206 - High Nov 8 
*RES 3: $2.0582 - 200-dma 
*RES 2: $2.0479 - High Mar 1 
*RES 1: $2.0141 - High Mar 20 
*PRICE: $1.9571 @ 05:40 GMT Mar 25 
*SUP 1: $1.9349/9302 - Low Mar 22/High Feb 4 
*SUP 2: $1.9177 - 100-dma 
*SUP 3: $1.8625 - Low Feb 7
*SUP 4: $1.8311 - Low Jan 28 
Heating oil futures hit fresh monthly lows on Friday to shift the near term
outlook negative. A break below Friday's low at $1.9349 would bring the 100-dma
back into play at $1.9177, below which would further undermine the outlook.
Bulls need to recover the March 20 high at $2.0141 to return the focus to the
March 1 high at $2.0479 ahead of the 200-dma which crosses at $2.0582.

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