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NYMEX HO (K19) Bulls In Change *RES 4:....>

OIL TECHS
OIL TECHS: NYMEX HO (K19) Bulls In Change
*RES 4: $2.2105 - Low Oct 24 
*RES 4: $2.1837 - High Nov 8 
*RES 3: $2.1108 - 61.8% Retracement 
*RES 1: $2.0648 - High Apr 9
*PRICE: $2.0496 @ 05:54 GMT Apr 10 
*SUP 1: $2.0020 - Low Apr 5 
*SUP 2: $1.9369/9261 - Low Mar 22/High Feb 4 
*SUP 3: $1.9002 - 100-dma 
*SUP 4: $1.8595 - Low Feb 7 
Heating oil futures remain clear of their 200-dma and just shy of yesterday's
high at $2.0648 with bulls looking to overcome this level to open the 61.8%
retracement of the Oct-Dec decline at $2.1108. To stabilise the outlook bears
look for a move back below Friday's low at $2.0020. A break below the March 22
low/Feb 4 high at $1.9369/9261 is needed to suggest a downside reversal.

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