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NYMEX HO (J19) Still Wrapped Around.......>

OIL TECHS
OIL TECHS: NYMEX HO (J19) Still Wrapped Around $2.0
*RES 4: $2.2211 - Low Oct 25 
*RES 3: $2.2206 - High Nov 8 
*RES 2: $2.0651 - 200-dma 
*RES 1: $2.0479 - High Mar 1 
*PRICE: $1.9977 @ 04:40 GMT Mar 14 
*SUP 1: $1.9455/9378 - 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 continue to trade around the $2.0 level with bulls look to
take out the March 1 high at $2.0479 to reignite upside momentum and target the
200-dma at $2.0651. Above here would resume the broader rally and 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 at $1.9378. Below here would bring Feb 4 high at $1.9302
into play.

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