NYMEX HO (K19) $2.00 Area Remains Key.....>

OIL TECHS: NYMEX HO (K19) $2.00 Area Remains Key

*RES 4: $2.2709 - High Oct 26 

*RES 3: $2.2105 - Low Oct 24 

*RES 2: $2.1837 - High Nov 8 

*RES 1: $2.1242 - High Apr 22 

*PRICE: $2.0429 @ 05:55 GMT Apr 30 

*SUP 1: $2.0246/2.0158/0070 - Low Apr 26/55-dma/Uptrend support from Feb lows

*SUP 2: $1.9369/9261/9261 - Low Mar 22/High Feb 4/100-dma 

*SUP 3: $1.8595 - Low Feb 7 

*SUP 4: $1.8179 - Low Jan 28 

Heating oil futures appear to have found some support ahead of the key support

area marking the April 26 low, the 55-dma, and uptrend support from Feb lows at

$2.0246/2.0158/0070. However, the bounce has lacked momentum keeping the focus

on the downside. A close below here opens the March 22 low, Feb 4 high, and

100-dma at $1.9369/9261/9261. Bulls continue to look for a break above the April

22 high at $2.1224 to extend the uptrend.