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NYMEX HO (J19) March Lows Under...........>

OIL TECHS
OIL TECHS: NYMEX HO (J19) March Lows Under Pressure
*RES 4: $2.2206 - High Nov 8 
*RES 3: $2.0627 - 200-dma 
*RES 2: $2.0479 - High Mar 1 
*RES 1: $1.9950 - High Mar 15
*PRICE: $1.9663 @ 05:49 GMT Mar 18 
*SUP 1: $1.9485 - Low March 15
*SUP 2: $1.9455 - Low Mar 8 
*SUP 3: $1.9311/9302/9272 - 100-dma/High Feb 4/50-dma
*SUP 4: $1.8311 - Low Jan 28 
Heating oil futures sit just above Friday's low at $1.9485 with a break below
here opening the March 8 low at $1.9455. Below here would shift the outlook
bearish and open the 100-dma/High Feb 4/50-dma at 1.9311/9302/9272. To regain
the upper hand bulls need to push back above Friday's high at $1.9950 which
would put the March 1 high at $2.0479 and the 200-dma at $2.0672 back in focus. 

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