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NYMEX HO (K19) 200-DMA Could Act As A.....>

OIL TECHS
OIL TECHS: NYMEX HO (K19) 200-DMA Could Act As A Launchpad
*RES 4: $2.2105 - Low Oct 24 
*RES 3: $2.1837 - High Nov 8 
*RES 2: $2.1108 - 61.8% Retracement 
*RES 1: $2.0898 - High April 10 
*PRICE: $2.0843 @ 05:47 GMT Apr 17 
*SUP 1: $2.0464/0444 - Low Apr 15/200-dma 
*SUP 2: $2.0020/1.9874 - Low Apr 5/55-dma 
*SUP 3: $1.9369/9261 - Low Mar 22/High Feb 4 
*SUP 4: $1.9044 - 100-dma 
Heating oil futures are looking to use the 200-dma as a launchpad to reignite
upside momentum after yesterday's hold. Bulls focus remains on the April 10 high
at $2.0898 with a break above here opening the 61.8% retracement of the Oct-Dec
decline at $2.1108 ahead of the Nov 8 high. Bears need a break below Monday's
low and the 200-dma at $2.0464/0446 to open the April 5 low/55-dma at
$2.0020/1.9874.

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