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NYMEX HO (J19) Bulls In Charge Above......>

OIL TECHS
OIL TECHS: NYMEX HO (J19) Bulls In Charge Above Friday Lows 
*RES 4: $2.2211 - Low Oct 25 
*RES 3: $2.2206 - High Nov 8 
*RES 2: $2.0670 - 200-dma 
*RES 1: $2.0479 - High Mar 1 
*PRICE: $1.9968 @ 05:42 GMT Mar 12 
*SUP 1: $1.9455/38 - Low Mar 8/100-dma 
*SUP 2: $1.9302 - High Feb 4 
*SUP 3: $1.8311 - Low Jan 28 
*SUP 4: $1.7659 - Low Nov 30 
Heating oil futures are trading around the $2.0 level as bulls look to extend
the recovery off of Friday's lows. The initial upside target comes in at the
March 1 high at $2.0479 ahead of the 200-dma at $2.0670. Above here would open
the Nov 8 high at $2.2206. For a downside reversal bears look to take out
Friday's low at $1.9455 and the 100-dma just below it. Below here would bring
Feb 4 high at $1.9302 into play.

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