NYMEX HO (K19) Bullish Above 200-DMA .....>

OIL TECHS: NYMEX HO (K19) Bullish Above 200-DMA 

*RES 4: $2.2105 - Low Oct 24 

*RES 3: $2.1837 - High Nov 8 

*RES 2: $2.1108 - 61.8% Retracement 

*RES 1: $2.0898/1000 - High April 10/Bull flag breakout target 

*PRICE: $2.0728 @ 05:53 GMT Apr 12 

*SUP 1: $2.0459 - 200-dma 

*SUP 2: $2.0020/1.9865 - Low Apr 5/50-dma 

*SUP 3: $1.9369/9261 - Low Mar 22/High Feb 4 

*SUP 4: $1.9013 - 100-dma 

Heating oil futures are consolidating recent gains with bulls remaining focused

on Wednesday's high at $2.0898 and the bull flag breakout target at $2.1000. A

break would open the 61.8% retracement of the Oct-Dec decline at $2.1108 ahead

of the Nov 8 high. To stabilise the outlook bears look for a move back below the

200-dma at $2.0459 while a break below the April 5 low/50-dma at $2.0020/1.9865

would shift the outlook negative.