NYMEX HO (K19) Edging Back From Highs.....>

OIL TECHS: NYMEX HO (K19) Edging Back From Highs

*RES 4: $2.2709 - High Oct 26 

*RES 3: $2.2105 - Low Oct 24 

*RES 2: $2.1837 - High Nov 8 

*RES 1: $2.1242 - High Apr 22 

*PRICE: $2.0955 @ 05:57 GMT Apr 25 

*SUP 1: $2.0464/0423 - Low Apr 15/200-dma 

*SUP 2: $2.0020/2.0061 - Low Apr 5/55-dma 

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

*SUP 4: $1.9174 - 100-dma 

Heating oil futures have lost their grip on the $2.10 level which allows bears

to target the April 15 low and the 200-dma at $2.0464/0423 to create some

downside momentum. A break would open the April 5 low/55-dma at $2.0020/2.0061,

below which would suggest a downside reversal. Bulls continue to look for a

break above Monday's high at $2.1224 to extend the uptrend. Above here holds the

Nov 8 high which comes in at $2.1837.