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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: $2.0708 - 200-dma 
*RES 1: $2.0479 - High Mar 1 
*PRICE: $2.0181 @ 05:41 GMT Mar 7 
*SUP 1: $1.9798/$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 continue to trade in a tight range with bulls looking to
take out Friday's high at $2.0479 to allow a run at the 200-dma. Above here
opens the Nov 8 high at $2.0006. On the downside a break below the 21-dma and
Friday's low at $1.9798/91 would give bears the edge and open a downside
reversal to the Feb 4 high at $1.9302.

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