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

OIL TECHS
OIL TECHS: NYMEX HO (J19) Stuck In Range
*RES 4: $2.2211 - Low Oct 25 
*RES 3: $2.2006 - High Nov 8 
*RES 2: $2.0729 - 200-dma 
*RES 1: $2.0479 - High Mar 1 
*PRICE: $2.0044 @ 05:15 GMT Mar 5 
*SUP 1: $1.9677/$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 are stuck in the centre of their two week range with
Friday's high and low marking resistance and support. A break above $2.0479
would allow a run at the 200-dma, above which opens the Nov 8 high. On the
downside a break below $1.9791 and the 21-dma at $1.9677 would give bears the
edge and open a downside reversal to the Feb 4 high at $1.9302 ahead of the Jan
28 low at $1.8311. 

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