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NYMEX HO (K19) 200-DMA Holds For Now......>

OIL TECHS
OIL TECHS: NYMEX HO (K19) 200-DMA Holds For Now
*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: $2.0562 @ 05:19 GMT Apr 16 
*SUP 1: $2.0446 - 200-dma 
*SUP 2: $2.0020/1.9832 - Low Apr 5/55-dma 
*SUP 3: $1.9369/9261 - Low Mar 22/High Feb 4 
*SUP 4: $1.9027 - 100-dma 
Heating oil futures managed to remain above the key 200-dma yesterday despite
this level being tested, keeping the bullish picture intact. Upside 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. A
break below the 200-dma at $2.0446 would give bears the edge to target the April
5 low/55-dma at $2.0020/1.9832.

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