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

OIL TECHS
OIL TECHS: NYMEX HO (K19) Close Above 200-DMA 
*RES 4: $2.2105 - Low Oct 24
*RES 4: $2.1837 - High Nov 8 
*RES 3: $2.1108 - 61.8% Retracement 
*RES 2: $2.0599 - Low Aug 16 
*PRICE: $2.0586 @ 05:33 GMT Apr 9
*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 took out their 200-dma yesterday to shift the focus to the
Aug 16 low at $2.0599, just above current levels. A break above here would open
the 61.8% retracement of the Oct-Dec decline at $2.1108. Bears look for a move
back below Friday's low at $2.0020 to stabilise the outlook while 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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